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

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

Issuer Direct Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $9.78. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $16.92. The firm has a market cap of $35.35 million, a PE ratio of 20.49 and a beta of 0.77.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. grew its holdings in Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,805 shares of the company’s stock after purchasing an additional 16,620 shares during the period. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.