Qurate Retail (NASDAQ:QRTEP) Stock Price Up 2.4% – Still a Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEPGet Free Report) shot up 2.4% during trading on Tuesday . The stock traded as high as $37.79 and last traded at $37.67. 19,621 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 47,907 shares. The stock had previously closed at $36.79.

Qurate Retail Price Performance

The company’s 50 day simple moving average is $40.64 and its 200 day simple moving average is $42.63.

Qurate Retail Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 21.24%. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Shikiar Asset Management Inc. grew its stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEPFree Report) by 20.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,200 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $303,000 at the end of the most recent reporting period.

Qurate Retail Company Profile

(Get Free Report)

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.

Further Reading

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