Newegg Commerce (NASDAQ:NEGG) Sets New 1-Year Low – Here’s What Happened

Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.86 and last traded at $4.03, with a volume of 119370 shares traded. The stock had previously closed at $5.26.

Newegg Commerce Price Performance

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 stock has a 50 day moving average of $7.28 and a 200 day moving average of $10.02.

Institutional Investors Weigh In On Newegg Commerce

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in Newegg Commerce by 69.1% during the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock worth $34,000 after purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Newegg Commerce in the 4th quarter worth about $44,000. Finally, Squarepoint Ops LLC bought a new position in shares of Newegg Commerce in the 4th quarter worth about $69,000. 0.45% of the stock is currently owned by institutional investors.

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 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.