StockNews.com Begins Coverage on Issuer Direct (NYSE:ISDR)

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

Issuer Direct Stock Performance

Issuer Direct has a 12-month low of $7.61 and a 12-month high of $16.92. The company’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $9.78. The firm has a market capitalization of $35.35 million, a PE ratio of 20.49 and a beta of 0.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Institutional Trading of Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Bard Associates Inc. boosted its position in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 3.49% of Issuer Direct worth $1,599,000 at the end of the most recent quarter. 50.02% of the stock is currently 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.