Bridgeline Digital (NASDAQ:BLIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN) 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.

Bridgeline Digital Price Performance

The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $0.90 and a 200 day moving average of $0.92. The stock has a market capitalization of $11.84 million, a PE ratio of -6.27 and a beta of 0.99.

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

Institutional Investors Weigh In On Bridgeline Digital

A number of institutional investors and hedge funds have recently made changes to their positions in BLIN. Renaissance Technologies LLC boosted its position in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after purchasing an additional 12,600 shares during the period. Lido Advisors LLC grew its stake in shares of Bridgeline Digital by 37.1% in the first quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock valued at $63,000 after buying an additional 21,353 shares in the last quarter. DRW Securities LLC purchased a new stake in Bridgeline Digital during the 4th quarter worth approximately $45,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Bridgeline Digital during the 3rd quarter worth about $41,000. 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.