Qurate Retail (NASDAQ:QRTEB) Hits New 1-Year Low – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $2.44 and last traded at $2.56, with a volume of 15384 shares changing hands. The stock had previously closed at $2.56.

Qurate Retail Stock Performance

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -3.61 and a beta of 1.32. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $3.61.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is 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.