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

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

Issuer Direct Stock Performance

Shares of NYSE ISDR opened at $10.00 on Wednesday. Issuer Direct has a one year low of $7.61 and a one 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. The business has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $9.72. The firm has a market capitalization of $38.34 million, a price-to-earnings ratio of -28.57 and a beta of 0.77.

Institutional Investors Weigh In On Issuer Direct

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. grew its position in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,805 shares of the company’s stock after buying an additional 16,620 shares during the quarter. Bard Associates Inc. owned approximately 3.49% of Issuer Direct worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.