Issuer Direct Corp (NYSEAMERICAN:ISDR) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $10.83. Issuer Direct shares last traded at $10.64, with a volume of 335 shares trading hands.
ISDR has been the topic of a number of research analyst reports. Northland Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Issuer Direct in a research report on Friday, August 2nd. Zacks Investment Research raised shares of Issuer Direct from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd.
A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. boosted its stake in shares of Issuer Direct Corp (NYSEAMERICAN:ISDR) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,550 shares of the information technology services provider’s stock after purchasing an additional 2,040 shares during the quarter. Bard Associates Inc. owned 2.37% of Issuer Direct worth $1,025,000 at the end of the most recent quarter.
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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