Newegg Commerce, Inc. (NASDAQ:NEGG – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $2.12, but opened at $1.99. Newegg Commerce shares last traded at $2.08, with a volume of 227,876 shares changing hands.
Newegg Commerce Stock Down 7.5 %
The company has a quick ratio of 0.69, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $1.62 and a two-hundred day moving average price of $2.39.
Get Newegg Commerce alerts:Hedge Funds Weigh In On Newegg Commerce
A number of institutional investors have recently modified their holdings of NEGG. Goldman Sachs Group Inc. raised its position in Newegg Commerce by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,677 shares of the company's stock valued at $105,000 after purchasing an additional 3,258 shares during the last quarter. State Street Corp grew its holdings in Newegg Commerce by 29.1% during the 1st quarter. State Street Corp now owns 18,084 shares of the company's stock worth $114,000 after acquiring an additional 4,078 shares during the last quarter. BlackRock Inc. grew its holdings in Newegg Commerce by 170.8% during the 1st quarter. BlackRock Inc. now owns 19,200 shares of the company's stock worth $121,000 after acquiring an additional 12,109 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Newegg Commerce during the first quarter valued at approximately $79,000. Finally, XTX Topco Ltd acquired a new position in Newegg Commerce during the 1st quarter worth $101,000. Institutional investors own 0.62% of the company's stock.
Newegg Commerce Company Profile
(Get Rating)Newegg Commerce, Inc is an e-commerce company. It offers direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products. The firm also provides third-party logistics services globally. The company was founded on July 22, 2003 and is headquartered in City of Industry, CA.
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