Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares shot up 8.5% during mid-day trading on Tuesday . The stock traded as high as $6.19 and last traded at $6.02. 230,786 shares changed hands during mid-day trading, an increase of 310% from the average session volume of 56,241 shares. The stock had previously closed at $5.55.
Newegg Commerce Stock Performance
The business's 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $7.78. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54.
Hedge Funds Weigh In On Newegg Commerce
A number of large investors have recently made changes to their positions in NEGG. Renaissance Technologies LLC raised its position 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 in the last quarter. Jane Street Group LLC purchased a new position in Newegg Commerce during the 4th quarter valued at $44,000. XTX Topco Ltd bought a new position in Newegg Commerce in the first quarter worth about $55,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce during the fourth quarter valued at approximately $69,000. 0.45% of the stock is owned by institutional investors.
About Newegg Commerce
(
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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.
Further Reading
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