StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a note issued to investors on Tuesday. The firm set a "hold" rating on the stock.
Qurate Retail Stock Performance
QRTEA remained flat at $0.35 during midday trading on Tuesday. The company's stock had a trading volume of 1,718,659 shares, compared to its average volume of 3,504,087. The stock has a 50 day moving average of $0.48 and a two-hundred day moving average of $0.59. The company has a market cap of $138.69 million, a P/E ratio of -0.49 and a beta of 2.63. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 1 year low of $0.34 and a 1 year high of $1.80.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Privium Fund Management UK Ltd purchased a new position in Qurate Retail in the 2nd quarter valued at approximately $752,000. Oppenheimer Asset Management Inc. grew its position in shares of Qurate Retail by 15.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company's stock valued at $271,000 after purchasing an additional 58,734 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company's stock valued at $2,245,000 after purchasing an additional 3,195,694 shares during the period. Simplify Asset Management Inc. purchased a new stake in Qurate Retail during the 2nd quarter worth about $220,000. Finally, Summit Trail Advisors LLC boosted its stake in Qurate Retail by 18.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company's stock worth $164,000 after purchasing an additional 40,000 shares during the period. 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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