Qurate Retail (NASDAQ:QRTEB) Trading Down 8.6% – Should You Sell?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) were down 8.6% on Tuesday . The company traded as low as $2.48 and last traded at $2.28. Approximately 406 shares changed hands during trading, a decline of 90% from the average daily volume of 4,115 shares. The stock had previously closed at $2.49.

Qurate Retail Trading Down 9.6 %

The stock has a 50 day moving average of $2.93 and a 200-day moving average of $3.50. The company has a market capitalization of $817.72 million, a P/E ratio of -2.90 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $2.34 billion during the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.