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

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

Bridgeline Digital Stock Down 2.8%

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $0.91. The company has a market capitalization of $13.36 million, a P/E ratio of -7.07 and a beta of 1.06.

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

Hedge Funds Weigh In On Bridgeline Digital

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Bridgeline Digital in the third quarter worth about $41,000. DRW Securities LLC bought a new position in shares of Bridgeline Digital during the fourth quarter valued at approximately $45,000. Lido Advisors LLC purchased a new stake in shares of Bridgeline Digital in the fourth quarter worth approximately $48,000. Finally, Renaissance Technologies LLC raised its holdings in shares of 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 buying an additional 12,600 shares during the period. 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.