Newegg Commerce (NASDAQ:NEGG) Shares Down 12% – Should You Sell?

Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) traded down 12% during mid-day trading on Monday . The stock traded as low as $4.26 and last traded at $4.27. 7,563 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 36,350 shares. The stock had previously closed at $4.85.

Newegg Commerce Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.54 and a current ratio of 1.21. The business has a 50 day moving average price of $7.28 and a 200-day moving average price of $10.02.

Hedge Funds Weigh In On Newegg Commerce

Several large investors have recently modified their holdings of NEGG. Renaissance Technologies LLC grew its position 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 purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC acquired a new position in Newegg Commerce during the fourth quarter valued at approximately $44,000. Finally, Squarepoint Ops LLC bought a new position in shares of Newegg Commerce in the fourth quarter worth about $69,000. 0.45% of the stock is 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.