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

Professional Diversity Network, Inc. (NASDAQ:IPDN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.81 and traded as low as $0.77. Professional Diversity Network shares last traded at $0.87, with a volume of 20,870 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a report on Saturday. They issued a “sell” rating for the company.

Professional Diversity Network Price Performance

The firm’s fifty day simple moving average is $0.53 and its 200 day simple moving average is $0.81. The company has a market capitalization of $10.15 million, a price-to-earnings ratio of -2.29 and a beta of 11.89.

Professional Diversity Network (NASDAQ:IPDN) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.05) earnings per share for the quarter. Professional Diversity Network had a negative net margin of 43.32% and a negative return on equity of 149.58%. The company had revenue of $1.69 million during 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).