Qurate Retail (NASDAQ:QRTEB) Stock Price Down 2.1%

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) fell 2.1% during trading on Thursday . The company traded as low as $4.16 and last traded at $4.16. 771 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 7,939 shares. The stock had previously closed at $4.25.

Qurate Retail Price Performance

The business’s 50-day moving average price is $5.46 and its 200 day moving average price is $6.51. The company has a quick ratio of 1.01, a current ratio of 1.41 and a debt-to-equity ratio of 9.61. The company has a market capitalization of $1.77 billion, a P/E ratio of -11.65 and a beta of 1.34.

Qurate Retail (NASDAQ:QRTEB) last announced its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $3.14 billion for the quarter. Qurate Retail had a negative net margin of 1.33% and a positive return on equity of 14.46%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Qurate Retail in the third quarter valued at $39,000. BlackRock Inc. purchased a new position in shares of Qurate Retail in the 2nd quarter worth about $158,000. Finally, Geode Capital Management LLC raised its position in Qurate Retail by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock worth $450,000 after buying an additional 3,890 shares during the last quarter. 2.25% of the stock is owned by hedge funds and other 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.