StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA - Free Report) in a research note published on Sunday morning. The firm issued a hold rating on the stock.
Qurate Retail Trading Up 12.5 %
Shares of QRTEA traded up $0.05 during midday trading on Friday, hitting $0.47. The stock had a trading volume of 1,950,277 shares, compared to its average volume of 3,112,347. The business has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.61. The firm has a market cap of $186.57 million, a P/E ratio of -0.66 and a beta of 2.68. Qurate Retail has a fifty-two week low of $0.35 and a fifty-two week high of $1.80. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.
Insider Buying and Selling
In other news, insider Renee L. Wilm sold 75,789 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.80% of the company's stock.
Institutional Trading of Qurate Retail
Hedge funds have recently made changes to their positions in the stock. DoubleLine ETF Adviser LP boosted its stake in Qurate Retail by 97.3% during the 2nd 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 last quarter. Walleye Trading LLC purchased a new position in shares of Qurate Retail in the first quarter valued at about $31,000. Empowered Funds LLC increased its stake in Qurate Retail by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company's stock worth $311,000 after acquiring an additional 25,862 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Qurate Retail by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company's stock worth $125,000 after purchasing an additional 26,700 shares during the period. Finally, Virtu Financial LLC raised its position in Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company's stock worth $56,000 after purchasing an additional 39,807 shares during the period. 64.10% of the stock is owned by institutional investors.
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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