Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares shot up 23.2% during trading on Monday . The company traded as high as $14.60 and last traded at $14.88. 280,945 shares were traded during mid-day trading, an increase of 80% from the average session volume of 156,288 shares. The stock had previously closed at $12.08.
Newegg Commerce Price Performance
The firm has a 50 day moving average of $8.16 and a two-hundred day moving average of $7.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.16.
Institutional Investors Weigh In On Newegg Commerce
A number of institutional investors and hedge funds have recently bought and sold shares of NEGG. Renaissance Technologies LLC grew its holdings 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 worth $34,000 after purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC purchased a new position in Newegg Commerce during the 4th quarter worth approximately $44,000. Squarepoint Ops LLC acquired a new position in Newegg Commerce during the fourth quarter worth approximately $69,000. Finally, XTX Topco Ltd purchased a new stake in Newegg Commerce in the first quarter valued at approximately $55,000. 0.45% of the stock is owned by hedge funds and other 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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