Qurate Retail (NASDAQ:QRTEB) Trading Down 6.2% – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price fell 6.2% during trading on Friday . The stock traded as low as $2.59 and last traded at $2.59. 1,950 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 5,095 shares. The stock had previously closed at $2.76.

Qurate Retail Price Performance

The firm has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $3.70. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -4.48 and a beta of 1.30. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 2.25% 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.