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

Research analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Qurate Retail Trading Up 1.6 %

Qurate Retail stock opened at $0.34 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80. The firm has a market capitalization of $135.52 million, a price-to-earnings ratio of -0.48 and a beta of 2.68. The firm has a 50 day moving average of $0.38 and a 200 day moving average of $0.53.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently bought and sold shares of the business. DoubleLine ETF Adviser LP boosted its stake in 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 purchasing an additional 19,265 shares during the period. Virtu Financial LLC lifted its holdings in shares of Qurate Retail by 76.6% in the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after acquiring an additional 52,706 shares during the last quarter. Victory Capital Management Inc. grew 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 valued at $98,000 after acquiring an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Qurate Retail in the 3rd quarter valued at $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.