Newegg Commerce (NASDAQ:NEGG) Shares Down 2% – Should You Sell?

Newegg Commerce, Inc. (NASDAQ:NEGG) shares traded down 2% on Monday . The stock traded as low as $3.50 and last traded at $3.50. 7,824 shares were traded during mid-day trading, a decline of 80% from the average session volume of 38,556 shares. The stock had previously closed at $3.57.

Newegg Commerce Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54. The firm’s 50-day moving average price is $5.24 and its 200-day moving average price is $8.62.

Institutional Investors Weigh In On Newegg Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares 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 in the last quarter. Jane Street Group LLC bought a new position in Newegg Commerce in the 4th quarter worth about $44,000. Finally, Squarepoint Ops LLC purchased a new position in Newegg Commerce during the 4th quarter valued at about $69,000. Institutional investors own 0.45% of the company’s stock.

About Newegg Commerce

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.