Shares of Qurate Retail, Inc. (NASDAQ:QRTEB - Get Free Report) were up 3.8% on Wednesday . The company traded as high as $4.15 and last traded at $4.15. Approximately 100 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 6,969 shares. The stock had previously closed at $4.00.
Qurate Retail Stock Up 2.5 %
The company has a debt-to-equity ratio of 9.61, a current ratio of 1.41 and a quick ratio of 1.01. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -11.08 and a beta of 1.32. The business has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $6.23.
Qurate Retail (NASDAQ:QRTEB - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.22 EPS for the quarter. Qurate Retail had a positive return on equity of 14.46% and a negative net margin of 1.33%. The firm had revenue of $3.14 billion for the quarter.
Institutional Trading of Qurate Retail
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Qurate Retail during the second quarter worth approximately $158,000. Geode Capital Management LLC boosted its position in Qurate Retail by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 88,945 shares of the company's stock worth $450,000 after purchasing an additional 3,890 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Qurate Retail during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 2.25% of the company's stock.
About Qurate Retail
(
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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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