Qurate Retail (NASDAQ:QRTEB) Trading Down 6.4% – Should You Sell?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) dropped 6.4% during mid-day trading on Friday . The company traded as low as $3.07 and last traded at $3.07. Approximately 1,778 shares changed hands during trading, a decline of 65% from the average daily volume of 5,118 shares. The stock had previously closed at $3.28.

Qurate Retail Stock Performance

The company’s 50 day moving average is $3.43 and its 200 day moving average is $3.75. The firm has a market cap of $1.22 billion, a P/E ratio of -4.62 and a beta of 1.30. 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 Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors and hedge funds 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.