Qurate Retail (NASDAQ:QRTEB) Shares Gap Up - Here's What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $2.06, but opened at $2.25. Qurate Retail shares last traded at $2.16, with a volume of 357 shares.

Qurate Retail Trading Up 6.3 %

The firm has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $3.48. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The stock has a market cap of $869.32 million, a PE ratio of -3.08 and a beta of 1.32.

Qurate Retail (NASDAQ:QRTEB - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%. The company had revenue of $2.34 billion for the quarter.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,447 shares of the company's stock, valued at approximately $45,000. 2.25% of the stock is owned by hedge funds and other institutional investors.

About Qurate Retail

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.