Professional Diversity Network (NASDAQ:IPDN) Stock Crosses Below 200 Day Moving Average of $1.93

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.93 and traded as low as $1.55. Professional Diversity Network shares last traded at $1.83, with a volume of 191,257 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research report on Saturday. They issued a “sell” rating on the stock.

Professional Diversity Network Trading Up 5.2 %

The business has a 50-day moving average price of $1.84 and a 200-day moving average price of $1.93. The firm has a market cap of $20.95 million, a P/E ratio of -4.36 and a beta of 12.79.

Professional Diversity Network (NASDAQ:IPDN) last posted its quarterly earnings results on Friday, March 29th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative return on equity of 192.68% and a negative net margin of 56.47%. The firm had revenue of $1.96 million for the quarter.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).