Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Time to Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares gapped down prior to trading on Wednesday . The stock had previously closed at $2.33, but opened at $2.22. Qurate Retail shares last traded at $2.30, with a volume of 101 shares trading hands.

Qurate Retail Stock Performance

The stock has a market capitalization of $869.32 million, a P/E ratio of -3.08 and a beta of 1.30. The company has a 50 day simple moving average of $2.68 and a 200-day simple moving average of $3.32. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

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.