Qurate Retail (NASDAQ:QRTEB) Shares Gap Down to $5.40

Qurate Retail, Inc. (NASDAQ:QRTEBGet Rating) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.40, but opened at $5.19. Qurate Retail shares last traded at $5.16, with a volume of 1,235 shares trading hands.

Qurate Retail Price Performance

The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -0.86 and a beta of 1.44. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 8.39. The company has a 50 day moving average price of $4.74 and a 200 day moving average price of $5.53.

Qurate Retail (NASDAQ:QRTEBGet Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported ($0.05) EPS for the quarter. Qurate Retail had a negative return on equity of 1.68% and a negative net margin of 21.70%. The firm had revenue of $2.64 billion during the quarter.

Insider Buying and Selling

In other news, CEO David Rawlinson sold 89,300 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $0.92, for a total value of $82,156.00. Following the transaction, the chief executive officer now owns 372,004 shares of the company’s stock, valued at approximately $342,243.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 117,500 shares of company stock valued at $108,100 over the last ninety days.

Institutional Trading of Qurate Retail

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Qurate Retail in the 3rd quarter valued at $39,000. Geode Capital Management LLC grew its stake in Qurate Retail by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock valued at $450,000 after acquiring an additional 3,890 shares during the period. Finally, Humankind Investments LLC acquired a new position in Qurate Retail in the first quarter valued at about $51,000. 0.03% of the stock is owned by institutional investors.

Qurate Retail Company Profile

(Get Rating)

Qurate Retail, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.

Further Reading

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