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

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $2.90 and last traded at $2.90, with a volume of 7708 shares traded. The stock had previously closed at $3.39.

Qurate Retail Price Performance

The firm has a market capitalization of $1.21 billion, a P/E ratio of -4.69 and a beta of 1.31. The company has a debt-to-equity ratio of 10.65, a quick ratio of 0.90 and a current ratio of 1.34. The firm has a 50-day moving average of $3.75 and a 200-day moving average of $3.90.

Qurate Retail (NASDAQ:QRTEB) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter. The firm 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 Investors Weigh In On Qurate Retail

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

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.