Qurate Retail (NASDAQ:QRTEP) Trading 2.4% Higher – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEP)’s stock price shot up 2.4% during trading on Tuesday . The company traded as high as $37.79 and last traded at $37.67. 19,621 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 47,907 shares. The stock had previously closed at $36.79.

Qurate Retail Stock Down 1.2 %

The stock has a 50-day simple moving average of $40.59 and a 200 day simple moving average of $42.61.

Qurate Retail Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $2.00 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.00 annualized dividend and a dividend yield of 20.30%.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Shikiar Asset Management Inc. increased its stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEP) by 31.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,500 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $413,000 at the end of the most recent quarter.

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.