Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

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

Qurate Retail Stock Performance

Shares of NASDAQ QRTEA opened at $0.35 on Tuesday. The company has a market cap of $139.65 million, a P/E ratio of -0.50 and a beta of 2.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12 month low of $0.35 and a 12 month high of $1.80. The business’s 50 day moving average is $0.48 and its two-hundred day moving average is $0.59.

Institutional Investors Weigh In On Qurate Retail

Several large investors have recently modified their holdings of the business. DoubleLine ETF Adviser LP boosted its position in Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after purchasing an additional 19,265 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after buying an additional 25,862 shares during the last quarter. Virtu Financial LLC lifted its position 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 valued at $56,000 after buying an additional 39,807 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Qurate Retail by 18.2% in the second quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock valued at $164,000 after buying an additional 40,000 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake 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 purchasing an additional 52,706 shares during the period. 64.10% of the stock is currently owned by institutional investors.

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.