Qurate Retail (NASDAQ:QRTEB) Stock Price Up 5.7% – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price was up 5.7% on Tuesday . The stock traded as high as $2.31 and last traded at $2.24. Approximately 3,234 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 2,292 shares. The stock had previously closed at $2.12.

Qurate Retail Trading Up 2.8 %

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 firm has a market cap of $881.23 million, a price-to-earnings ratio of -3.13 and a beta of 1.30. The company has a 50-day moving average price of $2.69 and a 200 day moving average price of $3.33.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,447 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 2.25% 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.