Bridgeline Digital (NASDAQ:BLIN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.91 and traded as high as $1.11. Bridgeline Digital shares last traded at $1.06, with a volume of 25,867 shares.

Bridgeline Digital Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.36 million, a PE ratio of -7.07 and a beta of 1.06. The firm’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $0.91.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Bridgeline Digital had a negative net margin of 10.75% and a negative return on equity of 17.46%. The company had revenue of $3.92 million for the quarter, compared to the consensus estimate of $4.55 million.

Institutional Trading of Bridgeline Digital

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after acquiring an additional 12,600 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Bridgeline Digital by 37.1% in the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock valued at $63,000 after purchasing an additional 21,353 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Bridgeline Digital in the 3rd quarter valued at about $41,000. Finally, DRW Securities LLC purchased a new stake in shares of Bridgeline Digital in the 4th quarter worth approximately $45,000. 15.08% of the stock is owned by hedge funds and other institutional investors.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.