Issuer Direct (NYSEAMERICAN:ISDR) Stock Price Crosses Below 200 Day Moving Average of $23.28

Shares of Issuer Direct Co. (NYSEAMERICAN:ISDR – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.28 and traded as low as $20.71. Issuer Direct shares last traded at $20.71, with a volume of 13,361 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Issuer Direct in a report on Monday, December 12th. They set a “strong-buy” rating on the stock.

Issuer Direct Stock Down 5.9 %

The stock has a market cap of $78.51 million, a price-to-earnings ratio of 29.59 and a beta of 0.83. The stock has a 50 day simple moving average of $23.62 and a 200 day simple moving average of $23.28.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bard Associates Inc. grew its holdings in Issuer Direct by 5.4% during the second quarter. Bard Associates Inc. now owns 115,873 shares of the information technology services provider’s stock worth $2,950,000 after buying an additional 5,905 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Issuer Direct by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 167,671 shares of the information technology services provider’s stock worth $4,985,000 after acquiring an additional 1,487 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Issuer Direct by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,429 shares of the information technology services provider’s stock worth $1,261,000 after acquiring an additional 2,626 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Issuer Direct by 25.0% in the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the information technology services provider’s stock valued at $994,000 after purchasing an additional 7,800 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Issuer Direct by 15.1% during the first quarter. State Street Corp now owns 7,998 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 1,050 shares in the last quarter. 36.03% of the stock is currently owned by institutional investors and hedge funds.

About Issuer Direct

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Issuer Direct Corp. engages in the provision of communications and compliance technology solutions. The company offers Platform id., which eliminates the complexity associated with producing and distributing business communications and financial information. It services focuses on the communications, compliance, annual meeting and proxy, and transfer agency.