Issuer Direct (NYSE:ISDR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research note released on Thursday. The firm issued a hold rating on the stock.

Issuer Direct Stock Performance

Shares of Issuer Direct stock opened at $9.93 on Thursday. The firm’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $9.71. Issuer Direct has a 12 month low of $7.61 and a 12 month high of $19.03. The stock has a market capitalization of $38.03 million, a price-to-earnings ratio of -28.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80.

Institutional Investors Weigh In On Issuer Direct

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 1.08% of Issuer Direct as of its most recent filing with the SEC. 50.02% of the stock is owned by hedge funds and other institutional investors.

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.