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

StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Issuer Direct Stock Performance

The company’s 50-day moving average is $9.36 and its two-hundred day moving average is $9.78. The stock has a market capitalization of $35.35 million, a PE ratio of 20.49 and a beta of 0.77. Issuer Direct has a one year low of $7.61 and a one year high of $13.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC purchased a new position in Issuer Direct Co. (NYSE:ISDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent reporting period. 50.02% of the stock is owned by institutional investors.

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.