Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report released on Tuesday. The firm issued a hold rating on the stock.

Qurate Retail Price Performance

QRTEA stock opened at $0.35 on Tuesday. The stock has a 50-day moving average price of $0.48 and a two-hundred day moving average price of $0.59. The stock has a market cap of $138.69 million, a PE ratio of -0.49 and a beta of 2.63. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 1 year low of $0.34 and a 1 year high of $1.80.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Qurate Retail during the third quarter worth approximately $262,000. Virtu Financial LLC increased its stake in Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after acquiring an additional 39,807 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 acquiring an additional 168,109 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Qurate Retail in the third quarter valued at approximately $101,000. Finally, Wittenberg Investment Management Inc. increased its stake in Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the last quarter. 64.10% of the stock is 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.