Qurate Retail (NASDAQ:QRTEB) Trading 5% Higher – Here’s What Happened

by · The Cerbat Gem

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB – Get Free Report) rose 5% on Thursday . The company traded as high as $4.19 and last traded at $4.19. Approximately 1,377 shares changed hands during trading, a decline of 72% from the average daily volume of 4,930 shares. The stock had previously closed at $3.99.

Qurate Retail Trading Down 2.0 %

The business has a 50-day moving average of $3.87 and a two-hundred day moving average of $3.98. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -9.50 and a beta of 1.27.

Qurate Retail (NASDAQ:QRTEB – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $2.41 billion for the quarter. Qurate Retail had a positive return on equity of 33.57% and a negative net margin of 2.44%.

Institutional Trading of Qurate Retail

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

Qurate Retail Company Profile

(Get Free Report)

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.

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