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

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

Issuer Direct Stock 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 stock’s 50 day moving average is $9.36 and its 200 day moving average is $9.78. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $16.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Issuer Direct

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 50.02% of the stock is currently owned by hedge funds and other institutional investors.

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.