StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA - Free Report) in a research report released on Saturday morning. The brokerage issued a hold rating on the stock.
Qurate Retail Price Performance
Shares of Qurate Retail stock traded up $0.03 during midday trading on Friday, reaching $0.40. 4,070,830 shares of the company's stock traded hands, compared to its average volume of 3,029,460. Qurate Retail has a 52 week low of $0.35 and a 52 week high of $1.80. The company's 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.
Insider Activity
In other news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Walleye Trading LLC bought a new position in Qurate Retail during the first quarter worth about $31,000. Citizens Financial Group Inc. RI bought a new position in Qurate Retail in the 1st quarter valued at approximately $43,000. DoubleLine ETF Adviser LP increased its holdings in Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company's stock valued at $25,000 after purchasing an additional 19,265 shares during the period. Virtu Financial LLC boosted its holdings in Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company's stock valued at $56,000 after acquiring an additional 39,807 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Qurate Retail by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company's stock worth $125,000 after buying an additional 26,700 shares during the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.
Qurate Retail Company Profile
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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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