Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.48, but opened at $2.39. Qurate Retail shares last traded at $2.48, with a volume of 1,348 shares traded.

Qurate Retail Stock Down 7.6 %

The company has a 50-day moving average of $2.93 and a 200-day moving average of $3.50. The company has a market capitalization of $909.41 million, a price-to-earnings 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.

Qurate Retail (NASDAQ:QRTEB) last issued its earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The company had revenue of $2.34 billion during the quarter.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.