Qurate Retail (NASDAQ:QRTEB) Sees Large Volume Increase – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB) saw unusually-high trading volume on Thursday . Approximately 12,511 shares were traded during mid-day trading, an increase of 149% from the previous session’s volume of 5,028 shares.The stock last traded at $3.55 and had previously closed at $3.30.

Qurate Retail Stock 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 company’s 50 day moving average is $3.41 and its 200-day moving average is $3.74. The company has a market capitalization of $1.20 billion, a P/E ratio of -4.25 and a beta of 1.30.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new position in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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.