Professional Diversity Network (NASDAQ:IPDN) Shares Pass Below 200-Day Moving Average – What’s Next?

Professional Diversity Network, Inc. (NASDAQ:IPDN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.57 and traded as low as $0.41. Professional Diversity Network shares last traded at $0.42, with a volume of 1,930,911 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a report on Tuesday. They issued a “sell” rating for the company.

Professional Diversity Network Stock Performance

The stock has a market cap of $7.61 million, a P/E ratio of -2.09 and a beta of 12.61. The firm’s 50 day moving average is $0.42 and its 200 day moving average is $0.57.

About Professional Diversity Network

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).