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

Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) are set 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 market closes on Friday, April 4th.

Newegg Commerce Stock Performance

Shares of NASDAQ NEGG opened at $0.27 on Wednesday. Newegg Commerce has a 12-month low of $0.24 and a 12-month high of $1.32. The stock’s fifty day simple moving average is $0.41 and its two-hundred day simple moving average is $0.54. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Newegg Commerce

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in Newegg Commerce in the fourth quarter valued at about $69,000. Jane Street Group LLC bought a new stake in shares of Newegg Commerce in the 4th quarter valued at about $44,000. Finally, 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 valued at $34,000 after buying an additional 34,900 shares in the last quarter. 0.45% of the stock is currently 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.