Professional Diversity Network (NASDAQ:IPDN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price crossed 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 traded.

Wall Street Analyst Weigh In

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

Professional Diversity Network Stock Up 7.8%

The firm’s fifty day moving average price is $1.40 and its 200-day moving average price is $2.48. The stock has a market cap of $6.05 million, a P/E ratio of -0.62 and a beta of 1.89.

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

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.