Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Tuesday morning. The firm issued a hold rating on the stock.

Qurate Retail Stock Performance

Shares of NASDAQ:QRTEA opened at $0.37 on Tuesday. The business’s fifty day moving average price is $0.36 and its two-hundred day moving average price is $0.48. Qurate Retail has a fifty-two week low of $0.31 and a fifty-two week high of $1.80. The stock has a market capitalization of $146.83 million, a price-to-earnings ratio of -0.52 and a beta of 2.69. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Hedge Funds Weigh In On Qurate Retail

Several large investors have recently made changes to their positions in the company. Contrarius Group Holdings Ltd acquired a new position in shares of Qurate Retail during the fourth quarter valued at $11,596,000. Wittenberg Investment Management Inc. lifted its stake in shares of Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the period. Geode Capital Management LLC lifted its stake in shares of Qurate Retail by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 3,867,536 shares of the company’s stock valued at $1,277,000 after acquiring an additional 42,600 shares during the period. Renaissance Technologies LLC lifted its stake in Qurate Retail by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 3,358,901 shares of the company’s stock valued at $1,108,000 after buying an additional 63,109 shares during the period. Finally, Investment Management Associates Inc. ADV lifted its stake in Qurate Retail by 12.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 2,380,271 shares of the company’s stock valued at $785,000 after buying an additional 256,119 shares during the period. Institutional investors and hedge funds own 64.10% 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.