Newegg Commerce, Inc. (NASDAQ:NEGG – Get Rating) gapped up before the market opened on Monday . The stock had previously closed at $1.78, but opened at $1.83. Newegg Commerce shares last traded at $1.78, with a volume of 5,144 shares trading hands.
Newegg Commerce Trading Down 2.9 %
The stock has a 50-day simple moving average of $2.18 and a two-hundred day simple moving average of $3.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 1.30.
Institutional Investors Weigh In On Newegg Commerce
A number of large investors have recently added to or reduced their stakes in NEGG. Keebeck Alpha LP purchased a new stake in Newegg Commerce during the first quarter valued at about $71,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Newegg Commerce in the first quarter worth about $79,000. Triatomic Management LP purchased a new position in shares of Newegg Commerce in the first quarter worth about $139,000. BlackRock Inc. increased its holdings in shares of Newegg Commerce by 170.8% in the first 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, XTX Topco Ltd purchased a new position in shares of Newegg Commerce in the first quarter worth about $101,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.
Newegg Commerce Company Profile
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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