Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

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

Qurate Retail Price Performance

QRTEA opened at $0.40 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 8.74. The stock has a market capitalization of $160.59 million, a P/E ratio of -0.57 and a beta of 2.68. The stock has a 50-day moving average price of $0.55 and a 200-day moving average price of $0.64. Qurate Retail has a 12-month low of $0.40 and a 12-month high of $1.80.

Insider Buying and Selling at Qurate Retail

In other news, insider Renee L. Wilm sold 75,789 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $0.97, for a total transaction of $73,515.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 11.80% of the company’s stock.

Institutional Investors Weigh In On Qurate Retail

Several hedge funds have recently made changes to their positions in the company. DoubleLine ETF Adviser LP raised its position in shares of Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares during the last quarter. Walleye Trading LLC purchased a new position in shares of Qurate Retail in the first quarter worth $31,000. Headlands Technologies LLC bought a new position in shares of Qurate Retail during the first quarter valued at $33,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Qurate Retail during the first quarter valued at $43,000. Finally, Mackenzie Financial Corp increased its holdings in Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares in the last quarter. 64.10% of the stock is currently owned by 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.