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

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

Issuer Direct Stock Performance

The business has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.78. The company has a market capitalization of $35.35 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. 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 fifty-two week low of $7.61 and a fifty-two week high of $13.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to the company in its most recent 13F filing 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 approximately 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.