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

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

Qurate Retail Trading Down 6.5 %

QRTEA stock opened at $0.35 on Friday. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The stock has a market capitalization of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68. 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’s fifty day simple moving average is $0.40 and its two-hundred day simple moving average is $0.54.

Institutional Trading of Qurate Retail

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Qurate Retail in the third quarter valued at about $714,000. Renaissance Technologies LLC boosted its holdings in shares of Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after buying an additional 3,195,694 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Qurate Retail by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after buying an additional 168,109 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Qurate Retail by 246.4% during the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after acquiring an additional 114,736 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Qurate Retail by 5.3% during the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after acquiring an additional 25,862 shares during the last quarter. 64.10% of the stock is 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.