Newegg Commerce Stock Scheduled to Reverse Split on Monday, April 7th (NASDAQ:NEGG)

Newegg Commerce, Inc. (NASDAQ:NEGG)’s stock is going to reverse split 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 Price Performance

NEGG opened at $0.30 on Friday. 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 firm’s fifty day moving average price is $0.41 and its two-hundred day moving average price is $0.55. Newegg Commerce has a 1 year low of $0.24 and a 1 year high of $1.32.

Hedge Funds Weigh In On Newegg Commerce

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock worth $34,000 after buying an additional 34,900 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Newegg Commerce in the 4th quarter worth about $44,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce in the 4th quarter worth about $69,000. 0.45% of the stock is owned by hedge funds and other 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.