Qurate Retail (NASDAQ:QRTEB) Shares Down 6.2% – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares dropped 6.2% during mid-day trading on Tuesday . The company traded as low as $2.88 and last traded at $2.88. Approximately 4,667 shares were traded during trading, a decline of 11% from the average daily volume of 5,224 shares. The stock had previously closed at $3.07.

Qurate Retail Stock Performance

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.06 and a beta of 1.30. The stock has a 50 day moving average of $3.20 and a 200 day moving average of $3.65. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Institutional Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is owned by hedge funds and other 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.