Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up prior to trading on Wednesday . The stock had previously closed at $2.87, but opened at $3.10. Qurate Retail shares last traded at $3.16, with a volume of 1,220 shares changing hands.

Qurate Retail Stock Up 5.2 %

The firm has a market capitalization of $1.20 billion, a P/E ratio of -4.04 and a beta of 1.31. The firm’s 50 day moving average is $3.58 and its two-hundred day moving average is $3.81. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by hedge funds and other institutional investors.

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.