Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s Why

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Friday . The stock had previously closed at $2.82, but opened at $3.13. Qurate Retail shares last traded at $2.83, with a volume of 292 shares trading hands.

Qurate Retail Stock Performance

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.90 and a beta of 1.30. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The business has a 50-day moving average price of $3.17 and a 200-day moving average price of $3.64.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,447 shares of the company’s stock, valued at approximately $45,000. 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.