StockNews.com Initiates Coverage on Professional Diversity Network (NASDAQ:IPDN)

Equities researchers at StockNews.com began coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the information services provider’s stock.

Professional Diversity Network Trading Up 27.7 %

NASDAQ IPDN opened at $0.90 on Wednesday. The firm has a market cap of $11.88 million, a price-to-earnings ratio of -3.10 and a beta of 12.65. Professional Diversity Network has a 1-year low of $0.42 and a 1-year high of $3.01. The company has a 50 day moving average of $0.71 and a 200-day moving average of $0.67.

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

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).