Professional Diversity Network (NASDAQ:IPDN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.43 and traded as low as $2.39. Professional Diversity Network shares last traded at $2.51, with a volume of 50,806 shares.

Wall Street Analysts Forecast Growth

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

Professional Diversity Network Trading Down 2.4 %

The company has a fifty day moving average of $3.41 and a 200-day moving average of $5.42. The stock has a market cap of $4.74 million, a PE ratio of -12.25 and a beta of 11.22.

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).