StockNews.com Begins Coverage on Qurate Retail (NASDAQ:QRTEA)

Research analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Up 4.2 %

NASDAQ:QRTEA opened at $0.36 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80. The stock’s fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.57. The firm has a market capitalization of $143.02 million, a P/E ratio of -0.51 and a beta of 2.63.

Institutional Trading of Qurate Retail

A number of institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Qurate Retail in the 3rd quarter valued at about $714,000. Renaissance Technologies LLC lifted its position in shares of Qurate Retail by 867.1% in 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. Privium Fund Management UK Ltd bought a new position in shares of Qurate Retail during the 2nd quarter worth approximately $752,000. Empowered Funds LLC increased its holdings in shares of Qurate Retail by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock worth $311,000 after acquiring an additional 25,862 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares during the period. Institutional investors own 64.10% 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.