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

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

NASDAQ:NEGG opened at $0.28 on Friday. The stock has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.53. Newegg Commerce has a 52-week low of $0.24 and a 52-week high of $1.32. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Newegg Commerce

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Newegg Commerce by 69.1% during the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock worth $34,000 after purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Newegg Commerce during the 4th quarter worth about $44,000. Finally, Squarepoint Ops LLC bought a new position in shares of Newegg Commerce in the 4th quarter valued at about $69,000. 0.45% of the stock is owned by institutional investors.

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.