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

Shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.84 and traded as low as $0.8501. Professional Diversity Network shares last traded at $0.8945, with a volume of 99,797 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Professional Diversity Network to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Stock Performance

The stock has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.82. The stock has a market capitalization of $9.34 million, a P/E ratio of -0.46 and a beta of 1.89.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Tuesday, March 31st. The information services provider reported ($0.53) EPS for the quarter. Professional Diversity Network had a negative return on equity of 93.81% and a negative net margin of 98.93%.The company had revenue of $1.67 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC increased its position in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the quarter. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 27.75% of the company’s stock.

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.