Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares shot up 8.5% on Tuesday . The stock traded as high as $6.19 and last traded at $6.02. 230,786 shares traded 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 Trading Down 18.5%
The company's 50 day moving average is $4.72 and its 200 day moving average is $7.67. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after acquiring an additional 34,900 shares in the last quarter. Jane Street Group LLC acquired a new stake in Newegg Commerce in the 4th quarter worth approximately $44,000. Squarepoint Ops LLC acquired a new stake in Newegg Commerce in the 4th quarter worth approximately $69,000. Finally, XTX Topco Ltd purchased a new position in Newegg Commerce during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 0.45% of the company's stock.
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.
Further Reading
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