Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

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

Qurate Retail Price Performance

Shares of Qurate Retail stock traded down $0.02 on Friday, hitting $0.43. 3,113,407 shares of the company were exchanged, compared to its average volume of 3,572,675. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The company has a 50-day moving average price of $0.55 and a 200 day moving average price of $0.65. The stock has a market capitalization of $169.84 million, a price-to-earnings ratio of -0.60 and a beta of 2.68. Qurate Retail has a 1-year low of $0.42 and a 1-year high of $1.80.

Insiders Place Their Bets

In other Qurate Retail news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.80% of the stock is owned by insiders.

Institutional Trading of Qurate Retail

Several institutional investors have recently added to or reduced their stakes in QRTEA. BNP Paribas Financial Markets increased its stake in Qurate Retail by 3,892.6% during the first quarter. BNP Paribas Financial Markets now owns 204,543 shares of the company’s stock worth $252,000 after purchasing an additional 199,420 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Qurate Retail during the first quarter worth $33,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Qurate Retail in the first quarter valued at $184,000. Acadian Asset Management LLC boosted its holdings in Qurate Retail by 28.7% in the first quarter. Acadian Asset Management LLC now owns 5,950,168 shares of the company’s stock valued at $7,316,000 after purchasing an additional 1,327,990 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Qurate Retail by 14.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 687,465 shares of the company’s stock worth $846,000 after purchasing an additional 86,620 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

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.