Issuer Direct (NYSEAMERICAN:ISDR) Stock Passes Above 50-Day Moving Average of $0.00

Issuer Direct Corp (NYSEAMERICAN:ISDR) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $10.46. Issuer Direct shares last traded at $10.46, with a volume of 100 shares.

Several analysts recently issued reports on the stock. Northland Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Issuer Direct in a report on Friday, August 2nd. Zacks Investment Research raised shares of Issuer Direct from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd.

Issuer Direct (NYSEAMERICAN:ISDR) last posted its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.50 million.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. raised its stake in Issuer Direct by 35.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 27,000 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 7,000 shares during the last quarter. Perritt Capital Management Inc. raised its stake in Issuer Direct by 30.2% during the 2nd quarter. Perritt Capital Management Inc. now owns 32,733 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 7,596 shares during the last quarter. Finally, Bard Associates Inc. raised its stake in Issuer Direct by 2.3% during the 2nd quarter. Bard Associates Inc. now owns 91,550 shares of the information technology services provider’s stock valued at $1,025,000 after purchasing an additional 2,040 shares during the last quarter.

Issuer Direct Company Profile (NYSEAMERICAN:ISDR)

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print.

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