Qurate Retail (NASDAQ:QRTEA) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Qurate Retail (NASDAQ:QRTEA) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Qurate Retail Trading Down 1.6 %

NASDAQ:QRTEA traded down $0.01 during trading hours on Tuesday, hitting $0.64. The company had a trading volume of 1,479,738 shares, compared to its average volume of 4,003,855. The company has a market cap of $251.54 million, a P/E ratio of -1.53 and a beta of 2.71. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 12.97. Qurate Retail has a 1 year low of $0.40 and a 1 year high of $1.80. The company has a 50-day moving average of $0.69 and a 200 day moving average of $0.90.

Qurate Retail (NASDAQ:QRTEA) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $2.34 billion during the quarter. Qurate Retail had a positive return on equity of 23.19% and a negative net margin of 1.56%.

Hedge Funds Weigh In On Qurate Retail

Hedge funds have recently modified their holdings of the business. Norden Group LLC boosted its holdings in Qurate Retail by 88.2% during the 1st quarter. Norden Group LLC now owns 28,306 shares of the company’s stock valued at $35,000 after acquiring an additional 13,263 shares during the period. Summit Trail Advisors LLC boosted its stake in shares of Qurate Retail by 10.0% in the 1st quarter. Summit Trail Advisors LLC now owns 220,000 shares of the company’s stock valued at $271,000 after buying an additional 20,000 shares during the period. Walleye Trading LLC purchased a new position in shares of Qurate Retail in the 1st quarter valued at about $31,000. Headlands Technologies LLC purchased a new position in shares of Qurate Retail in the 1st quarter valued at about $33,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Qurate Retail by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock valued at $125,000 after buying an additional 26,700 shares during the period. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

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.