Qurate Retail (NASDAQ:QRTEP) Shares Up 5.3% – Should You Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEP) traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $36.35 and last traded at $36.33. 31,181 shares changed hands during trading, a decline of 39% from the average session volume of 50,891 shares. The stock had previously closed at $34.50.

Qurate Retail Price Performance

The stock’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $39.76.

Qurate Retail Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $2.00 per share. The ex-dividend date was Monday, December 2nd. This represents a $8.00 dividend on an annualized basis and a yield of 22.02%.

Institutional Trading of Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Shikiar Asset Management Inc. grew its stake in Qurate Retail, Inc. (NASDAQ:QRTEP) by 31.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,500 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

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.