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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Friday morning. The firm issued a buy rating on the stock.

Issuer Direct Trading Up 5.1 %

NYSE:ISDR opened at $10.94 on Friday. The stock has a fifty day moving average price of $9.79 and a two-hundred day moving average price of $10.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $41.74 million, a price-to-earnings ratio of 54.68 and a beta of 0.75. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $19.45.

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

Insider Buying and Selling

In other Issuer Direct news, insider Topline Capital Management, Ll purchased 4,744 shares of Issuer Direct stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of $7.80 per share, with a total value of $37,003.20. Following the purchase, the insider now directly owns 662,855 shares in the company, valued at approximately $5,170,269. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Topline Capital Management, Ll purchased 4,744 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of $7.80 per share, with a total value of $37,003.20. Following the completion of the purchase, the insider now directly owns 662,855 shares in the company, valued at approximately $5,170,269. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average price of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the acquisition, the insider now owns 709,264 shares in the company, valued at $6,922,416.64. The disclosure for this purchase can be found here. Insiders purchased 51,153 shares of company stock worth $444,409 in the last ninety days. 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.