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

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.92 and traded as high as $0.9499. Bridgeline Digital shares last traded at $0.94, with a volume of 26,188 shares traded.

Bridgeline Digital Trading Up 2.2%

The business has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a market cap of $11.84 million, a price-to-earnings ratio of -6.27 and a beta of 0.99.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, May 14th. The software maker reported ($0.04) earnings per share (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 firm had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.55 million.

Institutional Investors Weigh In On Bridgeline Digital

Institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $48,000. DRW Securities LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $45,000. Citadel Advisors LLC bought a new stake in shares of Bridgeline Digital in the 3rd quarter valued at about $41,000. Finally, Renaissance Technologies LLC grew its position in shares of Bridgeline Digital by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after buying an additional 12,600 shares during the last quarter. 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.