StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA - Free Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the stock.
Qurate Retail Price Performance
Qurate Retail stock traded up $0.01 during mid-day trading on Friday, hitting $0.34. 1,587,423 shares of the company were exchanged, compared to its average volume of 2,186,845. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The business's 50 day simple moving average is $0.38 and its two-hundred day simple moving average is $0.53. The company has a market capitalization of $135.52 million, a P/E ratio of -0.48 and a beta of 2.68. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80.
Institutional Trading of Qurate Retail
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wittenberg Investment Management Inc. grew its stake in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company's stock worth $2,485,000 after buying an additional 587,027 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Qurate Retail by 4.6% in the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company's stock worth $2,334,000 after purchasing an additional 168,109 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Qurate Retail by 867.1% in the second 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Qurate Retail by 25.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company's stock worth $1,016,000 after purchasing an additional 341,742 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Qurate Retail in the third quarter worth $714,000. 64.10% of the stock is owned by institutional investors.
About Qurate Retail
(
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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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