Qurate Retail (NASDAQ:QRTEB) Sets New 12-Month Low – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.11 and last traded at $3.11, with a volume of 2845 shares changing hands. The stock had previously closed at $3.57.

Qurate Retail Stock Down 12.9 %

The firm has a 50 day moving average price of $3.83 and a 200-day moving average price of $3.92. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 10.65. The firm has a market cap of $1.22 billion, a PE ratio of -8.50 and a beta of 1.27.

Qurate Retail (NASDAQ:QRTEB) last posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $2.41 billion during the quarter. Qurate Retail had a positive return on equity of 33.57% and a negative net margin of 2.44%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,447 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 2.25% of the company’s stock.

Qurate Retail Company Profile

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.