Professional Diversity Network (NASDAQ:IPDN) Stock Crosses Below Two Hundred Day Moving Average of $1.21

Professional Diversity Network Inc (NASDAQ:IPDN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.21 and traded as low as $0.90. Professional Diversity Network shares last traded at $0.95, with a volume of 55,680 shares trading hands.

Separately, ValuEngine raised Professional Diversity Network from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th.

The business has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.21. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.43.

An institutional investor recently bought a new position in Professional Diversity Network stock. Jane Street Group LLC acquired a new position in shares of Professional Diversity Network Inc (NASDAQ:IPDN) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 59,182 shares of the information services provider’s stock, valued at approximately $169,000. Jane Street Group LLC owned about 0.54% of Professional Diversity Network at the end of the most recent quarter. Institutional investors own 1.31% of the company’s stock.

Professional Diversity Network Company Profile (NASDAQ:IPDN)

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. The company operates through three segments: Professional Diversity Network, National Association of Professional Women, and Noble Voice Operations. It serves various cultural groups, such as women; Hispanic-Americans; African-Americans; Asian-Americans; disabled; military professionals; lesbians, gays, bisexuals, and transgenders; and students and graduates.

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