Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note released on Tuesday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Up 1.4 %

Shares of QRTEA opened at $0.36 on Tuesday. The firm’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.49. The firm has a market capitalization of $142.86 million, a price-to-earnings ratio of -0.51 and a beta of 2.69. 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 has a 1-year low of $0.31 and a 1-year high of $1.80.

Institutional Investors Weigh In On Qurate Retail

A number of large investors have recently modified their holdings of QRTEA. Parkwoods Wealth Partners LLC lifted its position in Qurate Retail by 70.7% during the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after acquiring an additional 37,488 shares during the period. Prudential Financial Inc. purchased a new position in Qurate Retail during the 4th quarter valued at about $34,000. Virtu Financial LLC lifted its position in Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after acquiring an additional 39,807 shares during the period. Victory Capital Management Inc. lifted its position in Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after acquiring an additional 114,736 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Qurate Retail during the 3rd quarter valued at about $101,000. Institutional investors 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.