Analysts at StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "hold" rating on the stock.
Qurate Retail Price Performance
Shares of Qurate Retail stock traded down $0.02 during trading on Friday, reaching $0.43. 3,111,906 shares of the stock traded hands, compared to its average volume of 3,572,675. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.90. The company has a market capitalization of $169.84 million, a price-to-earnings ratio of -0.60 and a beta of 2.68. Qurate Retail has a 52-week low of $0.42 and a 52-week high of $1.80. The business has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $0.65.
Insiders Place Their Bets
In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total value of $73,515.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.80% of the company's stock.
Hedge Funds Weigh In On Qurate Retail
A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company's stock worth $2,245,000 after purchasing an additional 3,195,694 shares during the period. Acadian Asset Management LLC lifted its position in shares of Qurate Retail by 28.7% in the first quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company's stock valued at $7,316,000 after acquiring an additional 1,327,990 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Qurate Retail in the third quarter worth approximately $714,000. Privium Fund Management UK Ltd acquired a new stake in shares of Qurate Retail in the second quarter worth approximately $752,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Qurate Retail during the second quarter worth approximately $378,000. Hedge funds and other institutional investors own 64.10% of the company's stock.
Qurate Retail Company Profile
(
Get Free Report)
Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.
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