Qurate Retail (NASDAQ:QRTEB) Reaches New 52-Week Low – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) hit a new 52-week low during trading on Wednesday . The company traded as low as $2.27 and last traded at $2.38, with a volume of 470 shares trading hands. The stock had previously closed at $2.48.

Qurate Retail Stock Performance

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 firm has a 50-day moving average of $2.91 and a 200 day moving average of $3.49. The stock has a market capitalization of $869.32 million, a P/E ratio of -3.08 and a beta of 1.32.

Qurate Retail (NASDAQ:QRTEB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The business had revenue of $2.34 billion for the quarter.

Institutional Investors Weigh In On Qurate Retail

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

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.