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

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares 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 Stock Up 2.5%

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 cap of $12.85 million, a price-to-earnings ratio of -6.80 and a beta of 1.06. The firm has a 50 day moving average price of $0.99 and a 200-day moving average price of $0.92.

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

Hedge Funds Weigh In On Bridgeline Digital

Several large investors have recently made changes to their positions in BLIN. Citadel Advisors LLC acquired a new position in shares of Bridgeline Digital during the third quarter valued at $41,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital during the fourth quarter valued at $45,000. Lido Advisors LLC acquired a new position in shares of Bridgeline Digital during the fourth quarter valued at $48,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Bridgeline Digital by 8.6% during the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after acquiring an additional 12,600 shares during the period. Institutional investors and hedge funds 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.