Newegg Commerce, Inc. (NASDAQ:NEGG - Free Report)'s stock is set to reverse split before the market opens on 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 Trading Down 4.6 %
Shares of NASDAQ:NEGG traded down $0.01 during trading on Monday, hitting $0.29. 535,217 shares of the company were exchanged, compared to its average volume of 717,769. The firm's 50 day moving average price is $0.41 and its 200-day moving average price is $0.54. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54. Newegg Commerce has a 12-month low of $0.24 and a 12-month high of $1.32.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in NEGG. Renaissance Technologies LLC boosted its holdings in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after acquiring an additional 34,900 shares during the period. Jane Street Group LLC acquired a new stake in Newegg Commerce during the 4th quarter worth $44,000. Finally, Squarepoint Ops LLC purchased a new position in Newegg Commerce during the 4th quarter worth $69,000. 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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