Qurate Retail (NASDAQ:QRTEB) Reaches New 12-Month Low – Here’s Why

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low on Monday . The company traded as low as $2.06 and last traded at $2.06, with a volume of 4959 shares. The stock had previously closed at $2.10.

Qurate Retail Trading Down 1.9 %

The business has a 50 day moving average of $2.80 and a two-hundred day moving average of $3.40. The firm has a market cap of $817.72 million, a P/E ratio of -2.90 and a beta of 1.30. 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 announced its earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. The company had revenue of $2.34 billion for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers raised its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent quarter. 2.25% of the stock is 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.