Professional Diversity Network (NASDAQ:IPDN) Shares Pass Below Fifty Day Moving Average of $2.62

Professional Diversity Network Inc (NASDAQ:IPDN) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.62 and traded as low as $2.35. Professional Diversity Network shares last traded at $2.35, with a volume of 1,195 shares traded.

Separately, ValuEngine lowered shares of Professional Diversity Network from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th.

The firm has a 50-day moving average of $2.58.

Professional Diversity Network (NASDAQ:IPDN) last issued its earnings results on Monday, May 20th. The information services provider reported ($0.23) earnings per share for the quarter. Professional Diversity Network had a negative return on equity of 425.33% and a negative net margin of 189.61%. The company had revenue of $1.35 million for the quarter.

About Professional Diversity Network (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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