Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Qurate Retail Trading Up 2.0 %

Shares of QRTEA opened at $0.34 on Tuesday. Qurate Retail has a fifty-two week low of $0.33 and a fifty-two week high of $1.80. The company has a market capitalization of $134.45 million, a PE ratio of -0.48 and a beta of 2.63. The stock has a fifty day moving average of $0.47 and a two-hundred day moving average of $0.58. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Qurate Retail by 867.1% during the second 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 in the last quarter. GSA Capital Partners LLP acquired a new stake in Qurate Retail during the 3rd quarter valued at approximately $714,000. Privium Fund Management UK Ltd purchased a new stake in Qurate Retail during the 2nd quarter worth approximately $752,000. Point72 Asset Management L.P. acquired a new position in shares of Qurate Retail in the 2nd quarter valued at approximately $378,000. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after buying an additional 587,027 shares during the last quarter. Institutional investors and hedge funds own 64.10% 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.