Issuer Direct (NYSE:ISDR) Now Covered by StockNews.com

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 Trading Down 1.6 %

NYSE:ISDR opened at $10.82 on Monday. The business’s 50-day simple moving average is $10.35 and its 200 day simple moving average is $10.09. Issuer Direct has a one year low of $7.61 and a one year high of $19.03. The stock has a market cap of $41.30 million, a price-to-earnings ratio of 54.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82.

Issuer Direct (NYSE:ISDR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Issuer Direct had a positive return on equity of 5.86% and a negative net margin of 1.97%. The business had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.62 million. As a group, sell-side analysts predict that Issuer Direct will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Issuer Direct

In related news, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $9.76 per share, with a total value of $40,152.64. Following the purchase, the insider now owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Topline Capital Management, Ll acquired 19,826 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $9.65 per share, with a total value of $191,320.90. Following the purchase, the insider now owns 705,150 shares of the company’s stock, valued at approximately $6,804,697.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the purchase, the insider now directly owns 709,264 shares in the company, valued at $6,922,416.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 26.08% 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.