eGain (NASDAQ:EGAN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

eGain Co. (NASDAQ:EGAN) shares passed 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 traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

eGain Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $181.10 million, a price-to-earnings ratio of 33.42 and a beta of 0.41. The firm’s 50-day simple moving average is $6.08 and its 200-day simple moving average is $5.92.

Institutional Trading of eGain

Several hedge funds and other institutional investors have recently bought and sold shares of EGAN. Kanen Wealth Management LLC grew its position in eGain by 6.9% in the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after purchasing an additional 171,451 shares during the last quarter. Barclays PLC boosted its position in shares of eGain by 48.5% during the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after acquiring an additional 19,772 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of eGain by 99.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock valued at $194,000 after acquiring an additional 18,989 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of eGain during the 3rd quarter valued at about $84,000. Finally, Legato Capital Management LLC boosted its position in shares of eGain by 60.6% during the 4th quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company’s stock valued at $184,000 after acquiring an additional 11,155 shares in the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Company Profile

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.