Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the stock.

Qurate Retail Trading Up 1.6 %

Shares of Qurate Retail stock opened at $0.34 on Friday. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The stock has a market capitalization of $135.52 million, a P/E ratio of -0.48 and a beta of 2.68. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80. The stock’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.53.

Institutional Investors Weigh In On Qurate Retail

Institutional investors and hedge funds have recently made changes to their positions in the business. DoubleLine ETF Adviser LP increased its holdings in shares of Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares during the last quarter. Virtu Financial LLC increased its stake in Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after acquiring an additional 39,807 shares during the last quarter. Mackenzie Financial Corp raised its position in Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock valued at $66,000 after purchasing an additional 52,706 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after purchasing an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Qurate Retail in the 3rd quarter worth about $101,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

About Qurate Retail

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.