Shares of Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) dropped 3.8% on Thursday . The stock traded as low as $16.49 and last traded at $16.55. Approximately 38,247 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 162,710 shares. The stock had previously closed at $17.20.
Newegg Commerce Stock Performance
The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $8.16 and a 200-day simple moving average of $7.66.
Institutional Investors Weigh In On Newegg Commerce
A number of institutional investors and hedge funds have recently made changes to their positions in NEGG. XTX Topco Ltd bought a new position in Newegg Commerce in the first quarter valued at approximately $55,000. Squarepoint Ops LLC bought a new position in Newegg Commerce during the fourth quarter worth about $69,000. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce in the 4th quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC raised its position in shares of 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 acquiring an additional 34,900 shares during the period. 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.
Further Reading
Before you consider Newegg Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newegg Commerce wasn't on the list.
While Newegg Commerce currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
