Qurate Retail (NASDAQ:QRTEB) Stock Price Down 8.6% – What’s Next?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) traded down 8.6% during mid-day trading on Tuesday . The stock traded as low as $2.48 and last traded at $2.28. 406 shares were traded during trading, a decline of 90% from the average session volume of 4,115 shares. The stock had previously closed at $2.49.

Qurate Retail Trading Down 9.6 %

The stock has a market cap of $817.72 million, a PE ratio of -2.90 and a beta of 1.32. The firm has a 50-day moving average price of $2.93 and a 200-day moving average price of $3.50. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22.

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

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 third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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.