Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report)'s stock price dropped 3.8% on Thursday . The stock traded as low as $16.49 and last traded at $16.55. Approximately 38,247 shares changed hands during 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 quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $8.41 and its 200-day moving average is $7.69.
Institutional Trading of Newegg Commerce
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted 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 purchasing an additional 34,900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the fourth quarter worth approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce during the first quarter worth approximately $55,000. Finally, Squarepoint Ops LLC purchased a new position in Newegg Commerce in the fourth quarter worth $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.
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