Qurate Retail (NASDAQ:QRTEB) Trading Up 7.3% – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB) rose 7.3% during trading on Tuesday . The company traded as high as $2.19 and last traded at $2.21. Approximately 188 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 3,486 shares. The stock had previously closed at $2.06.

Qurate Retail Stock Up 7.1 %

The business has a 50 day moving average of $2.78 and a 200-day moving average of $3.39. 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 has a market cap of $875.67 million, a PE ratio of -3.11 and a beta of 1.30.

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

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by hedge funds and other 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.