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 Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Performance

NASDAQ:QRTEA opened at $0.36 on Tuesday. The business has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $0.49. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The company has a market capitalization of $140.92 million, a P/E ratio of -0.50 and a beta of 2.69. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hestia Capital Management LLC purchased a new stake in Qurate Retail in the fourth quarter worth approximately $713,000. GSA Capital Partners LLP purchased a new stake in Qurate Retail during the 3rd quarter valued at about $714,000. Wittenberg Investment Management Inc. grew its position in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after acquiring an additional 587,027 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Qurate Retail in the 4th quarter worth approximately $156,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Qurate Retail in the third quarter valued at approximately $262,000. Hedge funds and other 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.