Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares saw strong trading volume on Wednesday . 406,288 shares traded hands during trading, an increase of 152% from the previous session's volume of 161,213 shares.The stock last traded at $21.75 and had previously closed at $18.71.
Newegg Commerce Price Performance
The stock has a fifty day moving average of $9.33 and a 200 day moving average of $7.89. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.
Institutional Trading of Newegg Commerce
A number of institutional investors and hedge funds have recently made changes to their positions in NEGG. Renaissance Technologies LLC increased its position in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after buying an additional 34,900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce in the first quarter valued at approximately $55,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at approximately $69,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.
Newegg Commerce Company Profile
(
Get Free Report)
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.
Further Reading
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