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.
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