Newegg Commerce (NASDAQ:NEGG) Stock Price Down 2% - Here's Why

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares fell 2% on Monday . The stock traded as low as $3.50 and last traded at $3.50. 7,824 shares were traded during trading, a decline of 80% from the average session volume of 38,556 shares. The stock had previously closed at $3.57.

Newegg Commerce Trading Down 2.4 %

The firm has a 50-day moving average of $5.00 and a 200-day moving average of $8.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Newegg Commerce in the 1st quarter worth approximately $55,000. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce in the fourth quarter worth $69,000. Jane Street Group LLC purchased a new stake in Newegg Commerce during the fourth quarter valued at $44,000. Finally, Renaissance Technologies LLC lifted its holdings in 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 acquiring an additional 34,900 shares during the period. 0.45% of the stock is owned by hedge funds and other institutional investors.

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.