Professional Diversity Network (NASDAQ:IPDN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.10 and traded as low as $1.25. Professional Diversity Network shares last traded at $1.31, with a volume of 17,634 shares trading hands.

Analyst Ratings Changes

Separately, 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 an average rating of “Sell”.

Professional Diversity Network Trading Up 0.8%

The firm’s 50 day moving average price is $1.35 and its 200-day moving average price is $2.10. The company has a market cap of $6.40 million, a P/E ratio of -0.66 and a beta of 1.86.

Hedge Funds Weigh In On Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC raised its holdings in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,785 shares of the information services provider’s stock after acquiring an additional 15,625 shares during the period. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. 27.75% of the stock is owned by institutional investors.

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.