Shares of Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) were up 8.1% during trading on Tuesday . The stock traded as high as $18.00 and last traded at $17.91. Approximately 59,423 shares were traded during 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 84.5%
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 stock's 50-day moving average is $9.83 and its 200 day moving average is $8.04.
Institutional Investors Weigh In On Newegg Commerce
Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in Newegg Commerce during the first quarter valued at $55,000. Squarepoint Ops LLC acquired a new position in Newegg Commerce in the 4th quarter worth about $69,000. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the 4th quarter worth about $44,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Newegg Commerce by 69.1% during the 4th 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 during the last quarter. Institutional investors and hedge funds 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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