Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Still a Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Wednesday . The stock had previously closed at $3.26, but opened at $3.54. Qurate Retail shares last traded at $3.23, with a volume of 772 shares changing hands.

Qurate Retail Stock Up 4.0 %

The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The business has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.76. The stock has a market capitalization of $1.35 billion, a P/E ratio of -4.59 and a beta of 1.30.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is owned by 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.