Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report)'s share price rose 8.1% on Tuesday . The stock traded as high as $18.00 and last traded at $17.91. Approximately 59,423 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 159,951 shares. The stock had previously closed at $16.57.
Newegg Commerce Trading Up 12.9%
The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76. The firm has a 50 day moving average of $8.97 and a two-hundred day moving average of $7.81.
Hedge Funds Weigh In On Newegg Commerce
A number of institutional investors have recently bought and sold shares of NEGG. Renaissance Technologies LLC grew its position in shares of Newegg Commerce by 69.1% during 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 Newegg Commerce in the fourth quarter worth about $44,000. Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce during the 4th quarter worth $69,000. Finally, XTX Topco Ltd purchased a new position in Newegg Commerce in the first quarter worth $55,000. 0.45% of the stock is owned by institutional investors.
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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
