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

Analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Qurate Retail Price Performance

NASDAQ QRTEA opened at $0.34 on Friday. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The company has a market capitalization of $135.52 million, a price-to-earnings ratio of -0.48 and a beta of 2.68. The stock has a 50-day moving average of $0.38 and a 200 day moving average of $0.53. Qurate Retail has a one year low of $0.31 and a one year high of $1.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in shares of Qurate Retail by 15.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company’s stock valued at $271,000 after purchasing an additional 58,734 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Qurate Retail by 867.1% during the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after buying an additional 3,195,694 shares during the last quarter. Summit Trail Advisors LLC raised its position in Qurate Retail by 18.2% in the second quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock worth $164,000 after acquiring an additional 40,000 shares during the period. DoubleLine ETF Adviser LP raised its position in Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after acquiring an additional 19,265 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Qurate Retail by 100.9% during the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after acquiring an additional 52,706 shares during the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

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.