Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price crossed 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 changing hands.

Bridgeline Digital Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $12.98 million, a PE ratio of -6.87 and a beta of 1.06. The firm has a 50-day moving average of $0.97 and a 200 day moving average of $0.92.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLIN. Citadel Advisors LLC purchased a new position in Bridgeline Digital in the third quarter worth about $41,000. DRW Securities LLC purchased a new position in Bridgeline Digital in the fourth quarter worth about $45,000. Lido Advisors LLC purchased a new position in Bridgeline Digital in the fourth quarter worth about $48,000. Finally, Renaissance Technologies LLC boosted its position in Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after purchasing an additional 12,600 shares during the last quarter. 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.