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

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Issuer Direct Trading Up 2.1 %

Shares of Issuer Direct stock opened at $9.65 on Wednesday. The stock has a 50 day moving average of $9.36 and a 200 day moving average of $9.75. 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 $36.96 million, a price-to-earnings ratio of -27.57 and a beta of 0.77. Issuer Direct has a fifty-two week low of $7.61 and a fifty-two week high of $16.92.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 its most recent 13F filing with the SEC. The firm owned 133,805 shares of the company’s stock after acquiring 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 SEC. 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.