Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.26, but opened at $3.54. Qurate Retail shares last traded at $3.23, with a volume of 772 shares trading hands.

Qurate Retail Trading Down 0.6 %

The company’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $3.75. The company has a market cap of $1.30 billion, a PE ratio of -4.62 and a beta of 1.30. 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 hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.