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

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) hit a new 52-week low on Monday . The stock traded as low as $3.11 and last traded at $3.44, with a volume of 6352 shares trading hands. The stock had previously closed at $3.66.

Qurate Retail Trading Up 6.5 %

The firm has a 50 day moving average price of $3.87 and a two-hundred day moving average price of $3.95. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -8.62 and a beta of 1.27. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors.

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.