Qurate Retail (NASDAQ:QRTEB) Sees Large Volume Increase – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) saw strong trading volume on Wednesday . 23,311 shares traded hands during mid-day trading, an increase of 392% from the previous session’s volume of 4,742 shares.The stock last traded at $3.50 and had previously closed at $3.17.

Qurate Retail Stock Performance

The firm’s 50 day moving average is $3.51 and its two-hundred day moving average is $3.78. The stock has a market capitalization of $1.38 billion, a PE ratio of -4.46 and a beta of 1.30. 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

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