Qurate Retail (NASDAQ:QRTEB) Sees Large Volume Increase – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares saw unusually-high trading volume on Friday . Approximately 4,399 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 3,458 shares.The stock last traded at $2.08 and had previously closed at $2.02.

Qurate Retail Trading Down 1.0 %

The company has a market cap of $793.90 million, a PE ratio of -2.82 and a beta of 1.30. The company’s 50 day simple moving average is $2.48 and its two-hundred day simple moving average is $3.23. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by hedge funds and other 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.