Issuer Direct (NYSE:ISDR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a report released on Friday. The brokerage issued a hold rating on the stock.

Issuer Direct Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market cap of $35.35 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. The stock has a fifty 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 $12.70.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Issuer Direct Co. (NYSE:ISDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 50.02% of the stock is owned by hedge funds and other 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.