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

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

Issuer Direct Stock Down 2.9 %

Shares of Issuer Direct stock opened at $9.22 on Wednesday. The company has a fifty day moving average price of $9.39 and a 200 day moving average price of $9.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Issuer Direct has a twelve month low of $7.61 and a twelve month high of $16.92. The stock has a market cap of $35.35 million, a price-to-earnings ratio of -26.34 and a beta of 0.77.

Hedge Funds Weigh In On Issuer Direct

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. boosted its position in Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,805 shares of the company’s stock after buying an additional 16,620 shares during the quarter. Bard Associates Inc. owned 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 institutional investors and hedge funds.

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.