Bridgeline Digital (NASDAQ:BLIN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.92 and traded as high as $1.0963. Bridgeline Digital shares last traded at $1.02, with a volume of 94,154 shares changing hands.

Bridgeline Digital Price Performance

The firm’s 50 day simple moving average is $0.99 and its two-hundred day simple moving average is $0.92. 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 firm has a market capitalization of $12.73 million, a P/E ratio of -6.73 and a beta of 1.06.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data 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 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.

Hedge Funds Weigh In On Bridgeline Digital

A number of large investors have recently bought and sold shares of BLIN. DRW Securities LLC bought a new stake in Bridgeline Digital in the fourth quarter valued at approximately $45,000. Lido Advisors LLC bought a new position in shares of Bridgeline Digital in the fourth quarter worth approximately $48,000. Citadel Advisors LLC purchased a new position in shares of Bridgeline Digital in the third quarter worth $41,000. Finally, Renaissance Technologies LLC raised its holdings in Bridgeline Digital by 8.6% during 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. 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.