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

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

Qurate Retail Stock Performance

Shares of QRTEA stock opened at $0.35 on Wednesday. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The firm has a market capitalization of $137.23 million, a price-to-earnings ratio of -0.49 and a beta of 2.63. Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The company has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of Qurate Retail during the third quarter worth $714,000. Renaissance Technologies LLC increased its stake in Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock worth $2,245,000 after buying an additional 3,195,694 shares during the period. Privium Fund Management UK Ltd acquired a new position in Qurate Retail in the 2nd quarter worth $752,000. Empowered Funds LLC boosted its position in Qurate Retail by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after buying an additional 25,862 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares in the last quarter. Institutional investors and hedge funds 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.