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

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Issuer Direct Price Performance

Issuer Direct stock opened at $9.79 on Friday. 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 company has a market cap of $37.50 million, a price-to-earnings ratio of -28.14 and a beta of 0.74. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $19.03. The firm has a 50 day moving average price of $10.09 and a 200 day moving average price of $9.71.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. raised its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,805 shares of the company’s stock after buying an additional 16,620 shares during the period. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 at the end of the most recent reporting period. Hedge funds and other 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.