Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.24, but opened at $2.36. Qurate Retail shares last traded at $2.15, with a volume of 2,171 shares trading hands.

Qurate Retail Stock Down 8.7 %

The business has a fifty day moving average of $2.80 and a 200-day moving average of $3.41. The stock has a market cap of $833.60 million, a PE ratio of -2.96 and a beta of 1.32. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Qurate Retail (NASDAQ:QRTEB) last issued its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The business had revenue of $2.34 billion for the quarter.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers lifted its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,363 shares of the company’s stock after acquiring an additional 9,137 shares during the period. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.