Qurate Retail (NASDAQ:QRTEB) Shares Down 6.2% – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price traded down 6.2% during mid-day trading on Friday . The stock traded as low as $2.59 and last traded at $2.59. 1,950 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 5,095 shares. The stock had previously closed at $2.76.

Qurate Retail Price Performance

The company has a market cap of $1.11 billion, a PE ratio of -3.94 and a beta of 1.30. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The business’s 50 day moving average price is $3.31 and its 200-day moving average price is $3.71.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by hedge funds and other 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.