Bridgeline Digital (NASDAQ:BLIN) Stock Price Down 5.3%

Bridgeline Digital Inc (NASDAQ:BLIN) dropped 5.3% during trading on Friday . The stock traded as low as $1.55 and last traded at $1.60, approximately 846,086 shares changed hands during trading. An increase of 343% from the average daily volume of 191,012 shares. The stock had previously closed at $1.69.

The stock has a market cap of $4.31 million, a P/E ratio of -0.03 and a beta of 1.82. The company has a fifty day moving average price of $1.59 and a 200 day moving average price of $1.75.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Friday, December 27th. The software maker reported $0.32 EPS for the quarter. The firm had revenue of $2.69 million during the quarter. Bridgeline Digital had a negative return on equity of 582.54% and a negative net margin of 95.20%.

A hedge fund recently bought a new stake in Bridgeline Digital stock. Bank of New York Mellon Corp purchased a new position in shares of Bridgeline Digital Inc (NASDAQ:BLIN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,479 shares of the software maker’s stock, valued at approximately $65,000. Bank of New York Mellon Corp owned approximately 2.79% of Bridgeline Digital at the end of the most recent quarter. 3.95% of the stock is currently owned by hedge funds and other institutional investors.

About Bridgeline Digital (NASDAQ:BLIN)

Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create Websites, Web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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