Qurate Retail (NASDAQ:QRTEB) Hits New 1-Year Low – Should You Sell?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.44 and last traded at $2.56, with a volume of 15384 shares traded. The stock had previously closed at $2.56.

Qurate Retail Stock Performance

The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock’s 50-day moving average price is $3.08 and its 200-day moving average price is $3.60. The company has a market cap of $1.01 billion, a P/E ratio of -3.58 and a beta of 1.32.

Institutional Investors 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% 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.