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

Newegg Commerce, Inc. (NASDAQ:NEGG)’s stock is scheduled to reverse split before the market opens 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

NASDAQ:NEGG opened at $0.28 on Friday. Newegg Commerce has a 12-month low of $0.24 and a 12-month high of $1.32. The stock’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.54 and a current ratio of 1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NEGG. Squarepoint Ops LLC bought a new position in Newegg Commerce during the fourth quarter worth $69,000. Jane Street Group LLC bought a new position in shares of Newegg Commerce in the fourth quarter valued at about $44,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Newegg Commerce by 69.1% during 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. 0.45% of the stock is owned by institutional investors and hedge funds.

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.