Qurate Retail (NASDAQ:QRTEA) Stock Rating Upgraded by StockNews.com

Qurate Retail (NASDAQ:QRTEA) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Qurate Retail Price Performance

QRTEA stock opened at $0.65 on Friday. The stock has a market cap of $254.36 million, a PE ratio of -1.55 and a beta of 2.68. Qurate Retail has a 12 month low of $0.40 and a 12 month high of $1.80. The company has a 50-day moving average price of $0.80 and a 200 day moving average price of $0.94. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion during the quarter. Qurate Retail had a positive return on equity of 23.19% and a negative net margin of 1.56%.

Institutional Investors Weigh In On Qurate Retail

Several large investors have recently modified their holdings of QRTEA. Everpar Advisors LLC purchased a new stake in shares of Qurate Retail during the 4th quarter worth $27,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Qurate Retail during the fourth quarter valued at about $29,000. Mackenzie Financial Corp bought a new stake in shares of Qurate Retail in the 4th quarter valued at about $31,000. Walleye Trading LLC purchased a new position in shares of Qurate Retail in the 1st quarter worth approximately $31,000. Finally, Jump Financial LLC bought a new position in shares of Qurate Retail during the 4th quarter worth approximately $33,000. Institutional investors own 64.10% 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.