Bridgeline Digital (NASDAQ:BLIN) Shares Cross Above 50 Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.06 and traded as high as $1.39. Bridgeline Digital shares last traded at $1.29, with a volume of 244,764 shares.

Bridgeline Digital Trading Down 0.8%

The company’s fifty day moving average is $1.07 and its 200-day moving average is $0.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $15.62 million, a P/E ratio of -8.27 and a beta of 1.00.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $4.55 million.

Hedge Funds Weigh In On Bridgeline Digital

A number of institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in Bridgeline Digital during the 3rd quarter valued at approximately $41,000. Lido Advisors LLC bought a new position in Bridgeline Digital in the 4th quarter worth approximately $48,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital during the fourth quarter worth approximately $45,000. Finally, Renaissance Technologies LLC lifted its holdings 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 worth $127,000 after buying an additional 12,600 shares during the last quarter. 15.08% of the stock is currently owned by 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.