Shares of eGain Co. (NASDAQ:EGAN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.92 and traded as high as $6.48. eGain shares last traded at $6.35, with a volume of 107,236 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of eGain from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.
Get Our Latest Research Report on EGAN
eGain Stock Performance
The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The company has a market cap of $179.96 million, a price-to-earnings ratio of 33.21 and a beta of 0.41. The stock has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $5.91.
Hedge Funds Weigh In On eGain
A number of institutional investors and hedge funds have recently bought and sold shares of EGAN. JPMorgan Chase & Co. lifted its stake in shares of eGain by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock worth $79,000 after acquiring an additional 1,613 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of eGain in the 3rd quarter valued at approximately $84,000. Linden Thomas Advisory Services LLC boosted its stake in shares of eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company's stock valued at $89,000 after buying an additional 2,442 shares during the last quarter. Stoneridge Investment Partners LLC grew its position in shares of eGain by 23.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company's stock worth $90,000 after buying an additional 2,771 shares in the last quarter. Finally, Williams & Novak LLC increased its stake in shares of eGain by 55.6% in the fourth quarter. Williams & Novak LLC now owns 20,270 shares of the technology company's stock worth $126,000 after buying an additional 7,240 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company's stock.
About eGain
(
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eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.
Further Reading
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