Professional Diversity Network (NASDAQ:IPDN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.35 and traded as low as $1.68. Professional Diversity Network shares last traded at $1.69, with a volume of 15,056 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research report on Thursday. They issued a “sell” rating for the company.

Professional Diversity Network Stock Down 8.2 %

The company has a market capitalization of $3.52 million, a PE ratio of -8.45 and a beta of 16.21. The firm’s 50 day simple moving average is $1.86 and its 200 day simple moving average is $4.35.

Professional Diversity Network (NASDAQ:IPDN) last announced its earnings results on Monday, March 31st. The information services provider reported ($0.55) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative net margin of 32.31% and a negative return on equity of 113.38%. The business had revenue of $1.62 million for 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).