StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA - Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.
Qurate Retail Stock Up 14.3 %
Shares of NASDAQ:QRTEA traded up $0.05 on Thursday, hitting $0.38. 2,952,100 shares of the company's stock were exchanged, compared to its average volume of 3,490,163. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80. The company has a market capitalization of $149.69 million, a PE ratio of -0.53 and a beta of 2.63. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The firm's 50-day moving average is $0.42 and its 200 day moving average is $0.55.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company's stock valued at $2,245,000 after purchasing an additional 3,195,694 shares during the period. GSA Capital Partners LLP purchased a new position in Qurate Retail in the 3rd quarter valued at $714,000. Point72 Asset Management L.P. acquired a new position in Qurate Retail in the 2nd quarter valued at $378,000. Wittenberg Investment Management Inc. raised its position in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company's stock worth $2,485,000 after buying an additional 587,027 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Qurate Retail in the 3rd quarter worth $262,000. 64.10% of the stock is owned by hedge funds and other 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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