Qurate Retail (NASDAQ:QRTEB) Trading Up 10.5% – Here’s Why

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) traded up 10.5% during trading on Tuesday . The company traded as high as $2.83 and last traded at $2.83. 174 shares were traded during trading, a decline of 96% from the average session volume of 4,869 shares. The stock had previously closed at $2.56.

Qurate Retail Stock Down 0.8 %

The firm has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $3.60. The company has a market capitalization of $1.01 billion, a P/E ratio of -3.58 and a beta of 1.32. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% 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.