StockNews.com Initiates Coverage on Issuer Direct (NYSE:ISDR)

Equities research analysts at StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Issuer Direct Stock Performance

NYSE:ISDR opened at $8.69 on Friday. The stock has a 50 day simple moving average of $9.77 and a 200 day simple moving average of $9.69. The stock has a market cap of $33.32 million, a P/E ratio of -24.83 and a beta of 0.74. Issuer Direct has a 1-year low of $7.61 and a 1-year high of $19.03. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 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.