Issuer Direct (NYSE:ISDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued to investors on Monday. The brokerage issued a hold rating on the stock.

Issuer Direct Price Performance

The stock has a market capitalization of $35.35 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $15.46. The firm has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.78.

Institutional Trading of Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned about 1.07% of Issuer Direct at the end of the most recent reporting period. 50.02% of the stock is currently owned by hedge funds and other institutional investors.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.