Newegg Commerce, Inc. (NASDAQ:NEGG – Get Rating)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $2.46 and last traded at $2.47, with a volume of 3815 shares traded. The stock had previously closed at $2.50.
Newegg Commerce Trading Down 0.4 %
The company has a fifty day moving average price of $3.55 and a two-hundred day moving average price of $4.59. The company has a current ratio of 1.30, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44.
Hedge Funds Weigh In On Newegg Commerce
Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC lifted its position in shares of Newegg Commerce by 35,220.6% during the 4th quarter. Penserra Capital Management LLC now owns 1,053,614 shares of the company’s stock worth $10,925,000 after buying an additional 1,050,631 shares during the period. Invesco Ltd. lifted its position in shares of Newegg Commerce by 59.0% during the 1st quarter. Invesco Ltd. now owns 452,244 shares of the company’s stock worth $2,858,000 after buying an additional 167,798 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Newegg Commerce during the 2nd quarter worth approximately $135,000. BlackRock Inc. lifted its position in shares of Newegg Commerce by 170.8% during the 1st quarter. BlackRock Inc. now owns 19,200 shares of the company’s stock worth $121,000 after buying an additional 12,109 shares during the period. Finally, State Street Corp lifted its position in shares of Newegg Commerce by 29.1% during the 1st quarter. State Street Corp now owns 18,084 shares of the company’s stock worth $114,000 after buying an additional 4,078 shares during the period. Institutional investors own 0.61% of the company’s stock.
About Newegg Commerce
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, home audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; Xbox, Playstation, legacy gaming, and gaming titles; and home networking, commercial networking, server and components, and smart home products.
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