Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 518,852 shares changed hands during mid-day trading, an increase of 353% from the previous session's volume of 114,479 shares.The stock last traded at $14.66 and had previously closed at $10.40.
Newegg Commerce Price Performance
The company has a 50-day moving average price of $4.96 and a 200-day moving average price of $7.52. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 0.54.
Hedge Funds Weigh In On Newegg Commerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Newegg Commerce in the 1st quarter valued at $55,000. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce during the 4th quarter worth $69,000. Jane Street Group LLC bought a new stake in shares of Newegg Commerce during the 4th quarter worth $44,000. Finally, Renaissance Technologies LLC grew its stake in Newegg Commerce by 69.1% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 0.45% of the company's stock.
About Newegg Commerce
(
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.
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