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

Professional Diversity Network, Inc. (NASDAQ:IPDN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.48 and traded as low as $1.04. Professional Diversity Network shares last traded at $1.24, with a volume of 234,910 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen lowered shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Professional Diversity Network presently has a consensus rating of “Sell”.

Professional Diversity Network Stock Up 7.8%

The stock has a market capitalization of $6.05 million, a P/E ratio of -0.62 and a beta of 1.89. The firm has a fifty day moving average price of $1.40 and a two-hundred day moving average price of $2.48.

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

About Professional Diversity Network

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.