eGain Corporation (NASDAQ:EGAN)’s share price fell 6.7% during trading on Friday . The stock traded as low as $2.05 and last traded at $2.10. 802,704 shares were traded during mid-day trading, an increase of 3,027% from the average session volume of 25,673 shares. The stock had previously closed at $2.25.

Separately, Zacks Investment Research raised shares of eGain Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 17th.

The company’s 50-day moving average is $1.78 and its 200-day moving average is $1.68. The stock’s market cap is $56.92 million.

A hedge fund recently bought a new stake in eGain Corporation stock. Oaktop Capital Management II L.P. bought a new stake in eGain Corporation (NASDAQ:EGAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,036,843 shares of the technology company’s stock, valued at approximately $3,361,000. eGain Corporation makes up about 0.6% of Oaktop Capital Management II L.P.’s investment portfolio, making the stock its 17th biggest position. Oaktop Capital Management II L.P. owned about 7.51% of eGain Corporation as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 48.01% of the company’s stock.

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eGain Corporation Company Profile

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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