StockNews.com Begins Coverage on Qurate Retail (NASDAQ:QRTEA)

Analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued on Monday. The firm set a “hold” rating on the stock.

Qurate Retail Price Performance

Shares of NASDAQ QRTEA opened at $0.37 on Monday. The firm has a market capitalization of $146.71 million, a P/E ratio of -0.52 and a beta of 2.63. 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’s 50-day simple moving average is $0.50 and its two-hundred day simple moving average is $0.60. Qurate Retail has a twelve month low of $0.35 and a twelve month high of $1.80.

Insider Activity

In other news, insider Renee L. Wilm sold 75,789 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Qurate Retail

Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Qurate Retail during the 3rd quarter valued at about $714,000. Renaissance Technologies LLC boosted its holdings in Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares during the period. Privium Fund Management UK Ltd purchased a new stake in Qurate Retail during the 2nd quarter valued at about $752,000. Empowered Funds LLC boosted its holdings in Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after acquiring an additional 25,862 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares during the period. 64.10% of the stock is currently owned by institutional investors.

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.