Qurate Retail (NASDAQ:QRTEB) Trading 5.5% Higher – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price traded up 5.5% on Wednesday . The company traded as high as $2.43 and last traded at $2.41. 4,281 shares were traded during trading, an increase of 3% from the average session volume of 4,168 shares. The stock had previously closed at $2.28.

Qurate Retail Stock Performance

The firm has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $3.44. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The company has a market cap of $928.47 million, a price-to-earnings ratio of -3.29 and a beta of 1.32.

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

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) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% 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.