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PDI (NASDAQ:PDII) shares dropped 17.4% during mid-day trading on Thursday following a weaker than expected earnings announcement, reports. The stock traded as low as $3.08 and last traded at $3.08, with a volume of 140,328 shares changing hands. The stock had previously closed at $3.73.

The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.05. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $35.60 million.

The stock has a 50-day moving average of $4.02 and a 200-day moving average of $4.61. The company’s market cap is $50.6 million.

PDI, Inc provides outsourced commercial services to established and emerging pharmaceutical, biotechnology and healthcare companies in the United States.

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