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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the stock.

Issuer Direct Trading Down 3.0 %

NYSE:ISDR opened at $8.73 on Monday. The stock has a market cap of $33.47 million, a price-to-earnings ratio of -24.94 and a beta of 0.77. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average price is $9.58 and its 200-day moving average price is $9.69. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $16.92.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Issuer Direct Co. (NYSE:ISDR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned about 1.07% of Issuer Direct at the end of the most recent quarter. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.