Professional Diversity Network (NASDAQ:IPDN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.19 and traded as low as $1.59. Professional Diversity Network shares last traded at $1.70, with a volume of 25,145 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Professional Diversity Network in a research report on Friday, May 16th. They set a “sell” rating for the company.

Professional Diversity Network Stock Up 0.3%

The firm has a market cap of $3.54 million, a P/E ratio of -8.50 and a beta of 15.85. The stock’s 50-day simple moving average is $1.48 and its 200 day simple moving average is $3.19.

Professional Diversity Network (NASDAQ:IPDN) last announced its quarterly earnings data on Wednesday, May 14th. The information services provider reported ($0.39) 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 $1.51 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).