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

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

Issuer Direct Price Performance

Issuer Direct has a 1-year low of $7.61 and a 1-year high of $12.90. The firm has a market cap of $35.35 million, a P/E ratio of 20.49 and a beta of 0.77. The business’s 50-day moving average price is $9.36 and its 200 day moving average price is $9.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80.

Hedge Funds Weigh In On Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in Issuer Direct Co. (NYSE:ISDR) in the 3rd quarter, according to the company in its most recent Form 13F 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 1.08% of Issuer Direct at the end of the most recent quarter. Hedge funds and other 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.