Qurate Retail (NASDAQ:QRTEA) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Stock Performance

Qurate Retail stock opened at $0.36 on Tuesday. The firm’s 50 day simple moving average is $0.36 and its 200 day simple moving average is $0.49. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The firm has a market capitalization of $142.86 million, a PE ratio of -0.51 and a beta of 2.69. Qurate Retail has a 1-year low of $0.31 and a 1-year high of $1.80.

Institutional Trading of Qurate Retail

Several hedge funds have recently added to or reduced their stakes in the business. Contrarius Group Holdings Ltd purchased a new stake in shares of Qurate Retail during the fourth quarter valued at approximately $11,596,000. Hestia Capital Management LLC purchased a new stake in Qurate Retail during the 4th quarter valued at $713,000. GSA Capital Partners LLP bought a new stake in Qurate Retail in the 3rd quarter worth $714,000. Wittenberg Investment Management Inc. grew its holdings in Qurate Retail by 16.8% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after acquiring an additional 587,027 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in Qurate Retail in the 4th quarter worth $156,000. 64.10% of the stock is 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.