Issuer Direct (NYSE:ISDR) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Issuer Direct Price Performance

The firm has a market capitalization of $35.35 million, a P/E ratio of 20.49 and a beta of 0.77. The firm’s 50-day simple moving average is $9.36 and its two-hundred day simple moving average is $9.78. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $16.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. raised its position in Issuer Direct Co. (NYSE:ISDR) by 14.2% in the third quarter, according to its most recent Form 13F filing with the SEC. 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 quarter. 50.02% of the stock is 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.