Newegg Commerce (NASDAQ:NEGG) Sees Large Volume Increase

Shares of Newegg Commerce, Inc. (NASDAQ:NEGGGet Rating) saw strong trading volume on Friday . 40,419 shares traded hands during trading, a decline of 87% from the previous session’s volume of 322,024 shares.The stock last traded at $2.11 and had previously closed at $1.47.

Newegg Commerce Trading Up 40.8 %

The company has a fifty day moving average of $1.60 and a 200 day moving average of $2.58. The company has a current ratio of 1.32, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Newegg Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Newegg Commerce by 59.0% during the first quarter. Invesco Ltd. now owns 452,244 shares of the company’s stock worth $2,858,000 after purchasing an additional 167,798 shares in the last quarter. State Street Corp increased its holdings in shares of Newegg Commerce by 493.5% in the third quarter. State Street Corp now owns 107,047 shares of the company’s stock valued at $250,000 after buying an additional 89,011 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Newegg Commerce by 103.6% in the third quarter. BlackRock Inc. now owns 45,221 shares of the company’s stock valued at $106,000 after buying an additional 23,011 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Newegg Commerce in the second quarter valued at $135,000. Finally, Renaissance Technologies LLC bought a new position in shares of Newegg Commerce in the second quarter valued at $76,000. Institutional investors own 0.62% of the company’s stock.

About Newegg Commerce

(Get Rating)

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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