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

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

Issuer Direct Price Performance

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’s 50-day simple moving average is $9.36 and its 200-day simple moving average is $9.78. The firm has a market capitalization of $35.35 million, a PE ratio of 20.49 and a beta of 0.77. Issuer Direct has a twelve month low of $7.61 and a twelve month high of $13.55.

Institutional Trading of Issuer Direct

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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned 1.07% of Issuer Direct as of its most recent SEC filing. Institutional investors 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.