Professional Diversity Network (NASDAQ:IPDN) Stock Passes Below 200 Day Moving Average – Should You Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.57 and traded as low as $0.96. Professional Diversity Network shares last traded at $1.02, with a volume of 209,829 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IPDN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. Wall Street Zen cut shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Professional Diversity Network Price Performance

The stock has a market capitalization of $4.98 million, a price-to-earnings ratio of -0.51 and a beta of 1.91. The business has a fifty day moving average of $1.54 and a 200 day moving average of $2.57.

Professional Diversity Network (NASDAQ:IPDN) last issued its quarterly earnings data on Friday, November 14th. The information services provider reported ($0.83) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative return on equity of 81.86% and a negative net margin of 67.01%.The business had revenue of $1.73 million for the quarter.

About Professional Diversity Network

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.