Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

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

Qurate Retail Stock Up 1.6 %

Shares of NASDAQ:QRTEA opened at $0.34 on Friday. Qurate Retail has a 12-month low of $0.31 and a 12-month high of $1.80. 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 stock’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.53. The stock has a market capitalization of $135.52 million, a P/E ratio of -0.48 and a beta of 2.68.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Qurate Retail in the fourth quarter worth about $156,000. Wilmington Savings Fund Society FSB purchased a new stake in Qurate Retail in the 3rd quarter worth approximately $262,000. Virtu Financial LLC grew its position in shares of Qurate Retail by 76.6% in the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Qurate Retail by 4.6% during the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after buying an additional 168,109 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Qurate Retail during the third quarter valued at approximately $101,000. 64.10% 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.