Professional Diversity Network (NASDAQ:IPDN) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Professional Diversity Network, Inc. (NASDAQ:IPDNGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.57 and traded as low as $0.96. Professional Diversity Network shares last traded at $1.02, with a volume of 209,829 shares changing hands.

Analyst Ratings Changes

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

Read Our Latest Analysis on IPDN

Professional Diversity Network Trading Down 1.0%

The firm has a market capitalization of $4.98 million, a PE ratio of -0.51 and a beta of 1.91. The firm’s fifty day moving average price is $1.54 and its 200 day moving average price is $2.57.

Professional Diversity Network (NASDAQ:IPDNGet Free Report) last posted its quarterly earnings data on Friday, November 14th. The information services provider reported ($0.83) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative net margin of 67.01% and a negative return on equity of 81.86%. The company had revenue of $1.73 million for the quarter.

Professional Diversity Network Company Profile

(Get Free Report)

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.

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