Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report)'s share price dropped 2% during mid-day trading on Monday . The company traded as low as $3.50 and last traded at $3.50. Approximately 7,824 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 38,556 shares. The stock had previously closed at $3.57.
Newegg Commerce Stock Performance
The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54. The business's fifty day simple moving average is $4.94 and its 200-day simple moving average is $8.38.
Institutional Investors Weigh In On Newegg Commerce
Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after acquiring an additional 34,900 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Newegg Commerce during the 4th quarter valued at about $44,000. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce during the 4th quarter valued at about $69,000. Finally, XTX Topco Ltd bought a new stake in shares of Newegg Commerce during the 1st quarter valued at about $55,000. Institutional investors own 0.45% of the company's stock.
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.
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