Qurate Retail (NASDAQ:QRTEB) Stock Price Up 3.8%

Qurate Retail, Inc. (NASDAQ:QRTEB) rose 3.8% during mid-day trading on Wednesday . The stock traded as high as $4.15 and last traded at $4.15. Approximately 100 shares were traded during trading, a decline of 99% from the average daily volume of 6,969 shares. The stock had previously closed at $4.00.

Qurate Retail Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.01 and a debt-to-equity ratio of 9.61. The company’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $6.20.

Qurate Retail (NASDAQ:QRTEB) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 EPS for the quarter. Qurate Retail had a negative net margin of 1.33% and a positive return on equity of 14.46%. The firm had revenue of $3.14 billion for the quarter.

Hedge Funds Weigh In On Qurate Retail

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Qurate Retail by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock valued at $450,000 after acquiring an additional 3,890 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Qurate Retail in the second quarter valued at about $158,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Qurate Retail in the third quarter valued at about $39,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.