Qurate Retail (NASDAQ:QRTEB) Sees Strong Trading Volume – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares saw unusually-strong trading volume on Monday . Approximately 5,446 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 4,168 shares.The stock last traded at $2.37 and had previously closed at $2.06.

Qurate Retail Stock Up 5.3 %

The business has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $3.47. 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 company has a market cap of $914.97 million, a price-to-earnings ratio of -3.25 and a beta of 1.32.

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 business had revenue of $2.34 billion during the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by hedge funds and other 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.