Qurate Retail (NASDAQ:QRTEB) Shares Up 5.5% – Time to Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) rose 5.5% on Wednesday . The stock traded as high as $2.43 and last traded at $2.41. Approximately 4,281 shares were traded during trading, an increase of 3% from the average daily volume of 4,168 shares. The stock had previously closed at $2.28.

Qurate Retail Price Performance

The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The company has a market cap of $833.60 million, a P/E ratio of -2.96 and a beta of 1.32. The firm has a 50 day moving average price of $2.82 and a two-hundred day moving average price of $3.43.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The firm had revenue of $2.34 billion for the quarter.

Institutional Trading of Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers lifted its position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the period. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.