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

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

Issuer Direct Stock Performance

Shares of NYSE:ISDR opened at $9.79 on Friday. The company has a market cap of $37.50 million, a P/E ratio of -28.14 and a beta of 0.74. Issuer Direct has a one year low of $7.61 and a one year high of $19.03. The business’s 50-day simple moving average is $10.09 and its 200 day simple moving average is $9.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 0.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Issuer Direct Co. (NYSE:ISDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 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.