Qurate Retail (NASDAQ:QRTEB) Sees Unusually-High Trading Volume – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) saw unusually-high trading volume on Tuesday . Approximately 5,541 shares changed hands during trading, an increase of 7% from the previous session’s volume of 5,193 shares.The stock last traded at $3.10 and had previously closed at $3.11.

Qurate Retail Stock Down 3.2 %

The business has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $3.68. 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 company has a market cap of $1.19 billion, a price-to-earnings ratio of -4.24 and a beta of 1.30.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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.