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

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Issuer Direct Price Performance

Shares of NYSE ISDR opened at $8.97 on Tuesday. Issuer Direct has a twelve month low of $7.61 and a twelve month high of $16.92. The company has a market cap of $34.39 million, a PE ratio of -25.63 and a beta of 0.77. The business’s 50 day moving average price is $9.49 and its two-hundred day moving average price is $9.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37.

Institutional Trading of Issuer Direct

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

Issuer Direct Company Profile

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.