Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Should You Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Tuesday . The stock had previously closed at $2.20, but opened at $2.43. Qurate Retail shares last traded at $2.25, with a volume of 362 shares traded.

Qurate Retail Price Performance

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 firm has a market cap of $801.84 million, a price-to-earnings ratio of -2.85 and a beta of 1.30. The business’s 50-day moving average price is $2.52 and its two-hundred day moving average price is $3.25.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers boosted its holdings in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent quarter. 2.25% of the stock is owned by institutional investors and hedge funds.

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.