Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of QRTEA opened at $0.34 on Wednesday. The stock has a market cap of $134.05 million, a P/E ratio of -0.48 and a beta of 2.63. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The stock’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.57. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Institutional Investors Weigh In On Qurate Retail

Several institutional investors have recently added to or reduced their stakes in QRTEA. GSA Capital Partners LLP bought a new stake in Qurate Retail in the 3rd quarter valued at approximately $714,000. Renaissance Technologies LLC lifted its position in shares of Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock worth $2,245,000 after purchasing an additional 3,195,694 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in Qurate Retail during the second quarter worth $752,000. Empowered Funds LLC grew its position in Qurate Retail by 5.3% in the third quarter. Empowered Funds LLC now owns 509,444 shares of the company’s stock valued at $311,000 after purchasing an additional 25,862 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after buying an additional 114,736 shares during the last quarter. 64.10% of the stock is 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.