Analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a research report issued to clients and investors on Friday. The firm set a "hold" rating on the stock.
Qurate Retail Stock Performance
Shares of Qurate Retail stock traded down $0.02 on Friday, hitting $0.35. The stock had a trading volume of 1,328,831 shares, compared to its average volume of 1,715,560. The company's 50 day moving average price is $0.40 and its 200 day moving average price is $0.54. The stock has a market cap of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68. 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 52-week low of $0.31 and a 52-week high of $1.80.
Hedge Funds Weigh In On Qurate Retail
Several hedge funds and other institutional investors have recently bought and sold shares of QRTEA. DoubleLine ETF Adviser LP raised its holdings in shares of Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company's stock worth $25,000 after acquiring an additional 19,265 shares during the last quarter. Virtu Financial LLC raised its stake in Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company's stock valued at $56,000 after purchasing an additional 39,807 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Qurate Retail by 100.9% during the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company's stock worth $66,000 after purchasing an additional 52,706 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company's stock worth $98,000 after buying an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Qurate Retail in the 3rd quarter worth about $101,000. 64.10% of the stock is owned by institutional investors and hedge funds.
About Qurate Retail
(
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.
Read More
Before you consider Qurate Retail, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qurate Retail wasn't on the list.
While Qurate Retail currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
