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

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.16 and traded as high as $1.79. Bridgeline Digital shares last traded at $1.74, with a volume of 82,406 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLIN. StockNews.com began coverage on Bridgeline Digital in a report on Saturday. They set a “hold” rating for the company. Westpark Capital reiterated a “hold” rating on shares of Bridgeline Digital in a research note on Tuesday, December 24th.

Bridgeline Digital Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day moving average of $1.41 and a 200-day moving average of $1.16.

Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Monday, December 23rd. The software maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Bridgeline Digital had a negative return on equity of 14.75% and a negative net margin of 12.77%. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. As a group, analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.