Qurate Retail (NASDAQ:QRTEB) Sees Strong Trading Volume – Still a Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) saw unusually-strong trading volume on Friday . Approximately 4,399 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 3,458 shares.The stock last traded at $2.08 and had previously closed at $2.02.

Qurate Retail Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The firm has a market capitalization of $823.67 million, a PE ratio of -2.92 and a beta of 1.30. The firm’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $3.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors and hedge funds 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.