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

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

Issuer Direct Stock Performance

NYSE:ISDR opened at $9.79 on Friday. 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 firm has a market cap of $37.53 million, a PE ratio of -27.97 and a beta of 0.74. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $9.71. Issuer Direct has a 1-year low of $7.61 and a 1-year high of $19.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Issuer Direct Co. (NYSE:ISDR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned 1.08% of Issuer Direct as of its most recent SEC filing. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.