Newegg Commerce, Inc. (NASDAQ:NEGG - Free Report) shares are scheduled to reverse split on the morning of Monday, April 7th. The 1-20 reverse split was announced on Friday, March 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 4th.
Newegg Commerce Price Performance
Shares of Newegg Commerce stock traded down $0.02 during trading on Tuesday, hitting $0.27. The company's stock had a trading volume of 926,541 shares, compared to its average volume of 717,769. Newegg Commerce has a 52 week low of $0.24 and a 52 week high of $1.32. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.54.
Institutional Trading of Newegg Commerce
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in Newegg Commerce during the fourth quarter valued at $69,000. Jane Street Group LLC bought a new position in Newegg Commerce in the 4th quarter worth about $44,000. Finally, Renaissance Technologies LLC grew its position in 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 purchasing an additional 34,900 shares during the last quarter. Hedge funds and other institutional investors own 0.45% of the company's stock.
Newegg Commerce Company Profile
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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.
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