Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.06 and traded as high as $1.39. Bridgeline Digital shares last traded at $1.29, with a volume of 244,764 shares trading hands.

Bridgeline Digital Stock Performance

The business’s fifty day moving average price is $1.06 and its 200-day moving average price is $0.93. The stock has a market cap of $16.25 million, a PE ratio of -8.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.67.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after acquiring an additional 12,600 shares during the period. Lido Advisors LLC boosted its position in Bridgeline Digital by 37.1% in the first quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after purchasing an additional 21,353 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Bridgeline Digital during the 3rd quarter valued at about $41,000. Finally, DRW Securities LLC purchased a new stake in shares of Bridgeline Digital during the 4th quarter valued at about $45,000. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.