Issuer Direct (NYSEAMERICAN:ISDR) Share Price Passes Above Fifty Day Moving Average of $0.00

Shares of Issuer Direct Corp (NYSEAMERICAN:ISDR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $10.46. Issuer Direct shares last traded at $10.46, with a volume of 100 shares.

Several equities analysts have recently weighed in on the company. Northland Securities restated a “buy” rating and issued a $16.00 target price on shares of Issuer Direct in a research report on Friday, August 2nd. Zacks Investment Research upgraded Issuer Direct from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd.

Issuer Direct (NYSEAMERICAN:ISDR) last posted its earnings results on Thursday, August 1st. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $4.14 million during the quarter, compared to the consensus estimate of $4.50 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISDR. Perritt Capital Management Inc. boosted its holdings in Issuer Direct by 30.2% in the second quarter. Perritt Capital Management Inc. now owns 32,733 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 7,596 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Issuer Direct by 35.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 27,000 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 7,000 shares during the period. Finally, Bard Associates Inc. boosted its holdings in Issuer Direct by 2.3% in the second quarter. Bard Associates Inc. now owns 91,550 shares of the information technology services provider’s stock valued at $1,025,000 after purchasing an additional 2,040 shares during the period.

Issuer Direct Company Profile (NYSEAMERICAN:ISDR)

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print.

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