Bridgeline Digital (NASDAQ:BLIN) Cut to “Hold” at StockNews.com

Bridgeline Digital (NASDAQ:BLIN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Westpark Capital reissued a “hold” rating on shares of Bridgeline Digital in a research note on Tuesday, December 24th.

Bridgeline Digital Trading Up 2.6 %

Shares of NASDAQ BLIN traded up $0.05 during midday trading on Tuesday, hitting $1.94. The stock had a trading volume of 77,289 shares, compared to its average volume of 239,403. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. Bridgeline Digital has a fifty-two week low of $0.75 and a fifty-two week high of $2.80. The company’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $1.26. The firm has a market cap of $20.21 million, a P/E ratio of -10.21 and a beta of 1.88.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Monday, December 23rd. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Bridgeline Digital had a negative return on equity of 14.75% and a negative net margin of 12.77%. During the same period in the previous year, the business earned ($0.02) earnings per share. Research analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current year.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.