Qurate Retail (NASDAQ:QRTEB) Hits New 12-Month Low – Time to Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) hit a new 52-week low during trading on Tuesday . The company traded as low as $2.30 and last traded at $2.30, with a volume of 583 shares changing hands. The stock had previously closed at $2.44.

Qurate Retail Stock Down 5.7 %

The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a market cap of $912.99 million, a P/E ratio of -3.24 and a beta of 1.32. The firm has a 50-day simple moving average of $3.05 and a two-hundred day simple moving average of $3.57.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.