Qurate Retail (NASDAQ:QRTEB) Stock Price Down 8.6% – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares dropped 8.6% during mid-day trading on Tuesday . The company traded as low as $2.48 and last traded at $2.28. Approximately 406 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 4,115 shares. The stock had previously closed at $2.49.

Qurate Retail Trading Down 8.0 %

The stock has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.52. The company has a market capitalization of $909.02 million, a PE ratio of -3.23 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Institutional Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new position in Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

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.