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

Newegg Commerce, Inc. (NASDAQ:NEGG) shares are going to reverse split on the morning of 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 Stock Up 2.0 %

Shares of NASDAQ:NEGG opened at $0.30 on Friday. The company’s 50-day moving average is $0.41 and its 200 day moving average is $0.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.54. Newegg Commerce has a fifty-two week low of $0.24 and a fifty-two week high of $1.32.

Hedge Funds Weigh In On Newegg Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in NEGG. Renaissance Technologies LLC raised its stake in Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock valued at $34,000 after acquiring an additional 34,900 shares during the period. Jane Street Group LLC bought a new stake in Newegg Commerce in the 4th quarter valued at about $44,000. Finally, Squarepoint Ops LLC bought a new stake in Newegg Commerce in the 4th quarter valued at 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.