Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

Qurate Retail Trading Down 7.4 %

NASDAQ:QRTEA opened at $0.37 on Friday. Qurate Retail has a 52 week low of $0.31 and a 52 week high of $1.80. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The company has a market cap of $147.94 million, a PE ratio of -0.52 and a beta of 2.68. The business’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.54.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of Qurate Retail during the third quarter valued at $714,000. Renaissance Technologies LLC grew its stake in Qurate Retail by 867.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after purchasing an additional 114,736 shares during the period. Empowered Funds LLC lifted its position in shares of Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after purchasing an additional 25,862 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Qurate Retail by 4.6% during the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after purchasing an additional 168,109 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

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.