Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.01, but opened at $3.10. Qurate Retail shares last traded at $3.10, with a volume of 863 shares trading hands.

Qurate Retail Price Performance

The firm has a market cap of $1.21 billion, a PE ratio of -4.31 and a beta of 1.30. The firm has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.66. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 2.25% of the company’s stock.

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.