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

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Thursday . The stock had previously closed at $2.46, but opened at $2.54. Qurate Retail shares last traded at $2.81, with a volume of 1,153 shares.

Qurate Retail Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a market capitalization of $1.04 billion, a PE ratio of -3.69 and a beta of 1.32. The business has a fifty day moving average price of $3.02 and a 200-day moving average price of $3.55.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new position in Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently 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.