Qurate Retail (NASDAQ:QRTEB) Trading 10.5% Higher - Still a Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB - Get Free Report) rose 10.5% during mid-day trading on Tuesday . The stock traded as high as $2.83 and last traded at $2.83. Approximately 174 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 4,869 shares. The stock had previously closed at $2.56.

Qurate Retail Stock Performance

The business's 50-day simple moving average is $3.12 and its 200 day simple moving average is $3.61. The firm has a market cap of $1.02 billion, a P/E ratio of -3.61 and a beta of 1.32. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22.

Institutional Investors Weigh In On Qurate Retail

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