Boston, MA 06/17/2013 (wallstreetpr) – The share prices of Bridgeline Digital Inc. (NASDAQ:BLIN) had surged by 26.73 percent to close at $1.28 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $1.03 to $1.29 per share for the day, after opening at $1.05 per share. The shares of Bridgeline Digital Inc. (NASDAQ:BLIN) had recorded 52 week high price level of $2.50 per share and 52 week low price level of $0.99 per share.
Bridgeline Digital Inc. (NASDAQ:BLIN) is primarily involved in the development of a unified Web engagement management product named iApps and in the provision of interactive technology management solutions for organizations to enable them to achieve optimization in business processes. The company had recently built an eCommerce fulfilled solution on the basis of the iApps platform which had been chosen for applications by Carbon Audio to enhance the visibility into inventory levels and order fulfillment.
This iApps based technology management solution developed by Bridgeline Digital Inc. (NASDAQ:BLIN) would now enable Carbon Audio to streamline operations and manage product details, inventory levels, multiple warehouse, customer relations and account information, generate real time reporting and track order fulfillment. This iApps platform based solution offered higher level of functionality, flexibility and direct integration capabilities with the existing logistics and order fulfillment provider of Carbon Audio which made it the obvious choice for the company.
The success of the new technology management solution of Bridgeline Digital Inc. (NASDAQ:BLIN) had enabled the share prices to surge higher with heavy trading volumes. The company had witnessed the trade of 187,044 shares in Friday, while the average trading volume for Bridgeline Digital Inc. (NASDAQ:BLIN) is at 34,515 shares per day.
Bridgeline Digital Inc. (NASDAQ:BLIN) presently holds 15.33 million shares outstanding in the market with an institutional ownership of 9 percent of its holdings.
