Professional Diversity Network (NASDAQ:IPDN) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Professional Diversity Network, Inc. (NASDAQ:IPDN) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.65 and traded as high as $0.84. Professional Diversity Network shares last traded at $0.84, with a volume of 2,438 shares changing hands.

Wall Street Analysts Forecast Growth

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

Professional Diversity Network Price Performance

The company has a market cap of $11.02 million, a P/E ratio of -2.88 and a beta of 12.66. The company’s 50-day moving average is $0.65 and its two-hundred day moving average is $0.70.

Professional Diversity Network (NASDAQ:IPDN) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative net margin of 43.32% and a negative return on equity of 149.58%. The business had revenue of $1.69 million for the quarter.

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).