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

Equities research analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a report released on Saturday. The firm set a “hold” rating on the stock.

Issuer Direct Trading Down 0.2 %

ISDR opened at $9.14 on Friday. The firm’s fifty day moving average price is $10.00 and its 200 day moving average price is $9.70. The stock has a market capitalization of $35.04 million, a PE ratio of -26.11 and a beta of 0.74. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $19.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80.

Institutional Trading of Issuer Direct

A hedge fund recently bought a new stake 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 the company in its most recent disclosure with the SEC. The firm bought 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 SEC filing. 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.