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

Shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.89 and traded as low as $0.1998. Professional Diversity Network shares last traded at $0.2383, with a volume of 9,125,044 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Thursday, June 4th. Wall Street Zen upgraded Professional Diversity Network to a “hold” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Professional Diversity Network Stock Up 8.6%

The stock’s 50-day moving average price is $0.50 and its 200-day moving average price is $0.89. The company has a market capitalization of $3.32 million, a price-to-earnings ratio of -0.15 and a beta of 1.61.

Professional Diversity Network (NASDAQ:IPDN) last issued its quarterly earnings results on Friday, August 14th. The information services provider reported ($0.15) earnings per share for the quarter. Professional Diversity Network had a negative net margin of 115.19% and a negative return on equity of 82.81%. The company had revenue of $1.18 million during the quarter.

Institutional Investors Weigh In On Professional Diversity Network

A hedge fund recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC lifted its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,785 shares of the information services provider’s stock after acquiring an additional 15,625 shares during the quarter. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. 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.