Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) fell 12% on Monday . The company traded as low as $4.26 and last traded at $4.27. 7,563 shares were traded during trading, a decline of 79% from the average session volume of 36,350 shares. The stock had previously closed at $4.85.
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 stock's 50-day simple moving average is $6.88 and its 200 day simple moving average is $9.74.
Hedge Funds Weigh In On Newegg Commerce
Several large investors have recently made changes to their positions in NEGG. Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the fourth quarter valued at approximately $69,000. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce in the fourth quarter valued at $44,000. Finally, Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 34,900 shares in the last quarter. 0.45% of the stock is currently owned by institutional investors and hedge funds.
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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