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

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Monday. The firm issued a hold rating on the stock.

Qurate Retail Trading Up 2.8 %

Shares of NASDAQ QRTEA opened at $0.36 on Monday. The business’s 50 day moving average price is $0.37 and its 200-day moving average price is $0.50. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week high of $1.80. 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 $144.09 million, a price-to-earnings ratio of -0.51 and a beta of 2.68.

Qurate Retail (NASDAQ:QRTEA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $2.34 billion for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%.

Institutional Trading of Qurate Retail

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in shares of Qurate Retail during the third quarter worth $714,000. Geode Capital Management LLC raised its stake in Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after acquiring an additional 168,109 shares during the last quarter. Victory Capital Management Inc. lifted its position in Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after acquiring an additional 114,736 shares during the period. Empowered Funds LLC grew its stake in Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after purchasing an additional 25,862 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of Qurate Retail in the fourth quarter valued at about $156,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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.