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

Investment 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 firm set a “hold” rating on the stock.

Issuer Direct Price Performance

The company has a 50 day moving average of $9.36 and a 200-day moving average of $9.78. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $15.46. 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 firm has a market capitalization of $35.35 million, a P/E ratio of 20.49 and a beta of 0.77.

Institutional Trading of Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Bard Associates Inc. grew its stake in Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,805 shares of the company’s stock after purchasing an additional 16,620 shares during the period. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission. 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.