Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Trading Up 1.3 %

NASDAQ:QRTEA opened at $0.37 on Tuesday. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80. The business’s 50-day moving average price is $0.36 and its two-hundred day moving average price is $0.48. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The firm has a market capitalization of $146.83 million, a price-to-earnings ratio of -0.52 and a beta of 2.69.

Institutional Investors Weigh In On Qurate Retail

Large investors have recently modified their holdings of the business. Parkwoods Wealth Partners LLC increased its holdings in shares of Qurate Retail by 70.7% in the fourth quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock worth $30,000 after acquiring an additional 37,488 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Qurate Retail during the fourth quarter worth about $34,000. Virtu Financial LLC grew its holdings in shares of Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares in the last quarter. Barclays PLC bought a new position in shares of Qurate Retail during the fourth quarter worth about $63,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares in the last quarter. 64.10% of the stock is currently owned by 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.