Qurate Retail (NASDAQ:QRTEB) Trading 7.1% Higher – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price shot up 7.1% during trading on Friday . The stock traded as high as $3.49 and last traded at $3.49. 273 shares were traded during trading, a decline of 94% from the average session volume of 4,817 shares. The stock had previously closed at $3.26.

Qurate Retail Price Performance

The company’s 50 day moving average is $3.68 and its 200 day moving average is $3.87. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 8.74. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -4.48 and a beta of 1.31.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

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.