Qurate Retail (NASDAQ:QRTEB) Shares Up 10.5% – Still a Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) was up 10.5% on Tuesday . The stock traded as high as $2.83 and last traded at $2.83. Approximately 174 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 4,869 shares. The stock had previously closed at $2.56.

Qurate Retail Price Performance

The company has a market capitalization of $1.05 billion, a P/E ratio of -3.73 and a beta of 1.32. 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 business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new position in Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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.

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.