Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up prior to trading on Friday . The stock had previously closed at $2.06, but opened at $2.25. Qurate Retail shares last traded at $2.16, with a volume of 357 shares traded.

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 business has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $3.49. The company has a market capitalization of $865.35 million, a P/E ratio of -3.07 and a beta of 1.32.

Qurate Retail (NASDAQ:QRTEB) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a negative net margin of 2.71% and a positive return on equity of 23.22%. The firm had revenue of $2.34 billion during the quarter.

Institutional Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought 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 institutional investor bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors.

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.