Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Friday. The brokerage issued a hold rating on the stock.

Qurate Retail Price Performance

NASDAQ QRTEA opened at $0.35 on Friday. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The firm has a market capitalization of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68. The company has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.54. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Qurate Retail during the 3rd quarter valued at $714,000. Renaissance Technologies LLC boosted its holdings in 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 during the period. Geode Capital Management LLC grew its position in shares of Qurate Retail by 4.6% in the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after purchasing an additional 168,109 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Qurate Retail by 246.4% in the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after purchasing an additional 114,736 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after purchasing an additional 25,862 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

About Qurate Retail

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.