Qurate Retail (NASDAQ:QRTEA) Lowered to “Sell” at StockNews.com

Qurate Retail (NASDAQ:QRTEA) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Qurate Retail Trading Up 7.3 %

Shares of QRTEA stock opened at $0.75 on Wednesday. The business’s 50 day moving average is $0.72 and its two-hundred day moving average is $0.92. Qurate Retail has a twelve month low of $0.40 and a twelve month high of $1.80. The company has a market capitalization of $293.11 million, a P/E ratio of -1.78 and a beta of 2.71. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97.

Qurate Retail (NASDAQ:QRTEA) last announced its earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. Qurate Retail had a positive return on equity of 23.19% and a negative net margin of 1.56%. The company had revenue of $2.34 billion for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QRTEA. Norden Group LLC boosted its stake in shares of Qurate Retail by 88.2% in the first quarter. Norden Group LLC now owns 28,306 shares of the company’s stock valued at $35,000 after buying an additional 13,263 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Qurate Retail by 10.0% in the first quarter. Summit Trail Advisors LLC now owns 220,000 shares of the company’s stock valued at $271,000 after buying an additional 20,000 shares in the last quarter. Walleye Trading LLC purchased a new stake in shares of Qurate Retail in the first quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of Qurate Retail in the first quarter valued at approximately $33,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Qurate Retail by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock valued at $125,000 after buying an additional 26,700 shares in the last quarter. 64.10% 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.