Professional Diversity Network (NASDAQ:IPDN) Stock Crosses Below 200 Day Moving Average of $1.96

Shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.96 and traded as low as $1.66. Professional Diversity Network shares last traded at $1.68, with a volume of 2,212 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research report on Friday. They issued a “sell” rating on the stock.

Professional Diversity Network Stock Performance

The stock has a market capitalization of $19.24 million, a P/E ratio of -4.00 and a beta of 12.79. The stock has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $1.96.

Institutional Investors Weigh In On Professional Diversity Network

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Professional Diversity Network by 13.9% during the fourth quarter. Vanguard Group Inc. now owns 145,365 shares of the information services provider’s stock valued at $295,000 after purchasing an additional 17,734 shares in the last quarter. State Street Corp boosted its position in shares of Professional Diversity Network by 40.4% during the second quarter. State Street Corp now owns 23,285 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 6,700 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Professional Diversity Network during the second quarter valued at approximately $67,000. Geode Capital Management LLC boosted its position in shares of Professional Diversity Network by 89.1% during the second quarter. Geode Capital Management LLC now owns 67,211 shares of the information services provider’s stock valued at $299,000 after purchasing an additional 31,673 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Professional Diversity Network during the first quarter valued at approximately $136,000. 27.75% of the stock is currently owned by institutional investors.

About Professional Diversity Network

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates in three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore). The company offers online professional job seeking communities that offers recruitment services, such as single and multiple job postings, recruitment media, talent recruitment communities, corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing, and research and outreach services to various cultural groups and employers.