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

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Saturday. The firm issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of NASDAQ:QRTEA opened at $0.40 on Friday. The firm has a market cap of $158.58 million, a PE ratio of -0.56 and a beta of 2.68. The firm’s fifty day moving average is $0.54 and its 200-day moving average is $0.63. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 52 week low of $0.35 and a 52 week high of $1.80.

Insider Transactions at Qurate Retail

In related news, insider Renee L. Wilm sold 75,789 shares of Qurate Retail stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $0.97, for a total transaction of $73,515.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Qurate Retail

A number of hedge funds have recently bought and sold shares of QRTEA. Renaissance Technologies LLC increased its stake in Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after purchasing an additional 3,195,694 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Qurate Retail in the third quarter valued at $714,000. Privium Fund Management UK Ltd bought a new stake in Qurate Retail in the second quarter valued at $752,000. Point72 Asset Management L.P. bought a new stake in Qurate Retail in the second quarter valued at $378,000. Finally, Wittenberg Investment Management Inc. increased its stake in Qurate Retail by 16.8% in the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after purchasing an additional 587,027 shares in the last quarter. Institutional investors own 64.10% 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.