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

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

Issuer Direct Stock Performance

ISDR opened at $10.00 on Wednesday. The company’s 50 day moving average is $10.34 and its 200 day moving average is $9.72. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a market cap of $38.30 million, a price-to-earnings ratio of -28.57 and a beta of 0.77. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $19.03.

Institutional Investors Weigh In On Issuer Direct

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

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.