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

Investment analysts at StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Issuer Direct Stock Performance

Shares of ISDR opened at $8.86 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market cap of $33.97 million, a P/E ratio of -25.31 and a beta of 0.77. The business’s 50 day moving average price is $9.46 and its 200-day moving average price is $9.72. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $16.92.

Hedge Funds Weigh In On Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 as of its most recent filing with the SEC. 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.