Qurate Retail (NASDAQ:QRTEA) Rating Increased to Hold at StockNews.com

Qurate Retail (NASDAQ:QRTEA) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Qurate Retail Stock Performance

QRTEA remained flat at $0.66 during midday trading on Tuesday. 1,156,802 shares of the company’s stock traded hands, compared to its average volume of 4,035,978. Qurate Retail has a 52-week low of $0.40 and a 52-week high of $1.80. The company has a market capitalization of $257.26 million, a P/E ratio of -1.56 and a beta of 2.71. The company has a debt-to-equity ratio of 12.97, a current ratio of 1.33 and a quick ratio of 0.89. The firm has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.90.

Qurate Retail (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. Qurate Retail had a negative net margin of 1.56% and a positive return on equity of 23.19%. The business had revenue of $2.34 billion during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QRTEA. Sequoia Financial Advisors LLC bought a new position in shares of Qurate Retail in the 4th quarter worth $48,000. Mackenzie Financial Corp bought a new position in Qurate Retail during the fourth quarter worth about $31,000. Yousif Capital Management LLC grew its position in shares of Qurate Retail by 32.5% during the 4th quarter. Yousif Capital Management LLC now owns 199,176 shares of the company’s stock worth $174,000 after buying an additional 48,850 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Qurate Retail in the 4th quarter valued at about $40,000. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Qurate Retail by 173.9% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 57,047 shares of the company’s stock valued at $50,000 after acquiring an additional 36,222 shares during the period. 64.10% of the stock is currently owned by institutional investors and hedge funds.

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.