Qurate Retail (NASDAQ:QRTEB) Reaches New 1-Year Low – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.64 and last traded at $2.64, with a volume of 1047 shares trading hands. The stock had previously closed at $2.69.

Qurate Retail Trading Up 15.2 %

The firm has a 50-day moving average of $3.29 and a two-hundred day moving average of $3.70. The firm has a market capitalization of $1.26 billion, a P/E ratio of -4.48 and a beta of 1.30. 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

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is 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.