Newegg Commerce (NASDAQ:NEGG) Trading 7.3% Higher – Time to Buy?

Newegg Commerce, Inc. (NASDAQ:NEGG) was up 7.3% on Thursday . The company traded as high as $58.96 and last traded at $58.5050. Approximately 54,206 shares traded hands during trading, a decline of 44% from the average daily volume of 96,713 shares. The stock had previously closed at $54.54.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newegg Commerce in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce presently has an average rating of “Sell”.

Newegg Commerce Trading Down 10.8%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 0.52. The company has a 50-day moving average price of $58.71 and a 200 day moving average price of $58.41.

Institutional Trading of Newegg Commerce

A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new position in shares of Newegg Commerce in the 2nd quarter worth approximately $4,281,000. UBS Group AG grew its holdings in shares of Newegg Commerce by 242.0% in the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after purchasing an additional 53,411 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $1,762,000. BNP Paribas Financial Markets bought a new stake in Newegg Commerce during the 3rd quarter valued at $1,603,000. Finally, XTX Topco Ltd bought a new stake in shares of Newegg Commerce in the third quarter valued at about $1,343,000. 0.45% of the stock is currently owned by institutional investors.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.