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

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

Issuer Direct Price Performance

ISDR stock opened at $9.00 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $9.62 and its 200 day moving average price is $9.70. The firm has a market cap of $34.51 million, a P/E ratio of -25.71 and a beta of 0.77. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $16.92.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. lifted its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,805 shares of the company’s stock after purchasing an additional 16,620 shares during the quarter. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 as of its most recent SEC filing. 50.02% of the stock is owned by institutional investors and hedge funds.

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.