Zacks Investment Research Downgrades Issuer Direct (ISDR) to Sell

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Zacks Investment Research lowered shares of Issuer Direct (NYSEAMERICAN:ISDR) from a hold rating to a sell rating in a research note published on Friday morning.

According to Zacks, “ISSUER DIRECT CORPORATION operates under several brands in the market, including Elite Financial Press, My EDGAR, Bassett Press, Edgarization, The Edgar Service Bureau, iProxy Direct, Issuer Logistics, Comply, Shareholder Direct, and Audit Ready. As an issuer services focused company, Issuer Direct Corporation helps companies produce and distribute their financial and business communications both online and in print. The Company leverages its securities compliance and regulatory expertise to provide a comprehensive set of services that enhance a client’s ability to communicate effectively with its shareholder base while meeting all reporting regulations required. “

Separately, Northland Securities assumed coverage on shares of Issuer Direct in a report on Friday, September 7th. They issued an outperform rating for the company.

NYSEAMERICAN ISDR traded up $0.21 during trading on Friday, hitting $12.41. The company had a trading volume of 8,749 shares, compared to its average volume of 6,371. Issuer Direct has a one year low of $11.07 and a one year high of $21.85.

A hedge fund recently bought a new stake in Issuer Direct stock. Northpointe Capital LLC purchased a new position in Issuer Direct Corp (NYSEAMERICAN:ISDR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 90,000 shares of the information technology services provider’s stock, valued at approximately $1,377,000. Northpointe Capital LLC owned approximately 2.23% of Issuer Direct at the end of the most recent reporting period.

About Issuer Direct

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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