Squarepoint Ops LLC Buys New Shares in Newegg Commerce, Inc. (NASDAQ:NEGG)

Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce, Inc. (NASDAQ:NEGG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 174,312 shares of the company's stock, valued at approximately $69,000.

Separately, Jane Street Group LLC acquired a new position in Newegg Commerce in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 0.45% of the company's stock.

Newegg Commerce Stock Performance

Shares of NEGG traded up $1.79 during mid-day trading on Monday, hitting $11.15. 591,530 shares of the company's stock were exchanged, compared to its average volume of 139,028. The stock's 50-day moving average is $5.75 and its 200-day moving average is $7.49. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54. Newegg Commerce, Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $26.40.

Newegg Commerce Company Profile

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.