Equities researchers at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "hold" rating on the stock.
Qurate Retail Stock Down 3.2 %
QRTEA traded down $0.01 during trading hours on Monday, hitting $0.37. 4,261,782 shares of the company's stock were exchanged, compared to its average volume of 3,530,939. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.35 and a 12-month high of $1.80. The firm has a market cap of $144.89 million, a P/E ratio of -0.54 and a beta of 2.63. The firm has a 50 day moving average of $0.51 and a 200 day moving average of $0.60.
Insiders Place Their Bets
In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of the company's 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Qurate Retail in the 3rd quarter valued at about $714,000. Renaissance Technologies LLC lifted its stake in shares of Qurate Retail by 867.1% during the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company's stock valued at $2,245,000 after buying an additional 3,195,694 shares during the period. Privium Fund Management UK Ltd acquired a new stake in Qurate Retail during the second quarter worth approximately $752,000. Empowered Funds LLC grew 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 period. Finally, Victory Capital Management Inc. raised its holdings in Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company's stock valued at $98,000 after acquiring an additional 114,736 shares during the last quarter. 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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