Qurate Retail Inc Series A (NASDAQ:QRTEA) Hits New 1-Year Low at $9.07

Posted by Andrew Walz on Nov 20th, 2019

Shares of Qurate Retail Inc Series A (NASDAQ:QRTEA) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.07 and last traded at $9.09, with a volume of 191302 shares changing hands. The stock had previously closed at $9.88.

Several equities research analysts have recently commented on QRTEA shares. Zacks Investment Research lowered Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI reaffirmed a “hold” rating on shares of Qurate Retail Inc Series A in a research note on Wednesday, November 13th. Craig Hallum dropped their price objective on Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. UBS Group reduced their price objective on Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.00.

The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.64 and a current ratio of 1.14. The company’s fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $11.90. The stock has a market capitalization of $4.30 billion, a PE ratio of 4.88, a P/E/G ratio of 0.48 and a beta of 1.16.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Sell-side analysts forecast that Qurate Retail Inc Series A will post 1.92 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QRTEA. Marshall Wace LLP acquired a new position in shares of Qurate Retail Inc Series A in the first quarter valued at approximately $182,000. Metropolis Capital Ltd lifted its position in Qurate Retail Inc Series A by 6.7% during the second quarter. Metropolis Capital Ltd now owns 1,938,627 shares of the company’s stock worth $24,020,000 after buying an additional 122,319 shares during the period. Sanders Morris Harris LLC acquired a new stake in Qurate Retail Inc Series A in the 2nd quarter worth about $123,000. PFS Investments Inc. acquired a new stake in Qurate Retail Inc Series A in the 2nd quarter worth about $231,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in Qurate Retail Inc Series A by 52.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 137,213 shares of the company’s stock worth $1,700,000 after buying an additional 47,482 shares during the last quarter. 90.16% of the stock is owned by institutional investors.

About Qurate Retail Inc Series A (NASDAQ:QRTEA)

Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.