Professional Diversity Network (NASDAQ:IPDN) Stock Price Crosses Below 200 Day Moving Average of $1.96

Professional Diversity Network, Inc. (NASDAQ:IPDN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.96 and traded as low as $1.66. Professional Diversity Network shares last traded at $1.68, with a volume of 2,212 shares.

Analyst Ratings Changes

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

Professional Diversity Network Stock Down 30.4 %

The firm has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.95. The company has a market capitalization of $13.40 million, a PE ratio of -2.79 and a beta of 12.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Professional Diversity Network by 13.3% during the fourth quarter. Geode Capital Management LLC now owns 39,674 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 4,646 shares in the last quarter. State Street Corp raised its position in Professional Diversity Network by 40.4% during the second quarter. State Street Corp now owns 23,285 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 6,700 shares in the last quarter. Vanguard Group Inc. raised its position in Professional Diversity Network by 8.3% during the third quarter. Vanguard Group Inc. now owns 127,631 shares of the information services provider’s stock valued at $327,000 after acquiring an additional 9,800 shares in the last quarter. BlackRock Inc. purchased a new position in Professional Diversity Network during the second quarter valued at approximately $67,000. Finally, Renaissance Technologies LLC acquired a new stake in Professional Diversity Network in the first quarter valued at approximately $136,000. 27.75% of the stock is currently owned by hedge funds and other institutional investors.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates in three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore). The company offers online professional job seeking communities that offers recruitment services, such as single and multiple job postings, recruitment media, talent recruitment communities, corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing, and research and outreach services to various cultural groups and employers.