Professional Diversity Network (NASDAQ:IPDN) Stock Passes Below 200-Day Moving Average – Here’s Why

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.66 and traded as low as $1.0550. Professional Diversity Network shares last traded at $1.13, with a volume of 179,652 shares trading hands.

Wall Street Analysts Forecast Growth

IPDN has been the topic of a number of recent analyst reports. Wall Street Zen cut Professional Diversity Network from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Professional Diversity Network Trading Down 1.7%

The stock has a market cap of $5.52 million, a price-to-earnings ratio of -0.57 and a beta of 1.91. The company’s fifty day moving average is $1.72 and its two-hundred day moving average is $2.66.

Professional Diversity Network (NASDAQ:IPDN) last released its quarterly earnings results on Friday, November 14th. The information services provider reported ($0.83) EPS for the quarter. Professional Diversity Network had a negative return on equity of 81.86% and a negative net margin of 67.01%.The firm had revenue of $1.73 million for the quarter.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.