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

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

Qurate Retail Stock Down 6.3 %

NASDAQ:QRTEA opened at $0.34 on Wednesday. The firm has a market capitalization of $134.05 million, a price-to-earnings ratio of -0.48 and a beta of 2.63. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The stock’s 50 day moving average price is $0.44 and its two-hundred day moving average price is $0.57.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors and hedge funds have recently modified their holdings of QRTEA. Wilmington Savings Fund Society FSB bought a new position in shares of Qurate Retail during the 3rd quarter worth approximately $262,000. Virtu Financial LLC lifted its holdings 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 purchasing an additional 39,807 shares during the last quarter. Geode Capital Management LLC boosted its position in Qurate Retail by 4.6% during the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock worth $2,334,000 after purchasing an additional 168,109 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Qurate Retail in the third quarter valued at $101,000. Finally, Wittenberg Investment Management Inc. raised its position in shares of Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after purchasing an additional 587,027 shares during the period. 64.10% of the stock is owned by 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.