Issuer Direct (NYSE:ISDR) Now Covered by StockNews.com

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

Issuer Direct Stock Up 1.2 %

ISDR stock opened at $9.13 on Monday. The stock has a market cap of $35.00 million, a P/E ratio of -26.09 and a beta of 0.74. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Issuer Direct has a twelve month low of $7.61 and a twelve month high of $17.34. The company’s 50 day moving average is $9.65 and its two-hundred day moving average is $9.68.

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 acquired a new stake in Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.