Qurate Retail (NASDAQ:QRTEB) Reaches New 52-Week Low – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price reached a new 52-week low on Monday . The company traded as low as $2.06 and last traded at $2.26, with a volume of 253 shares changing hands. The stock had previously closed at $2.12.

Qurate Retail Price Performance

The firm has a market cap of $924.89 million, a P/E ratio of -3.28 and a beta of 1.30. The business’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $3.33. 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

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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is owned by institutional investors and hedge funds.

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.