Qurate Retail (NASDAQ:QRTEB) Reaches New 12-Month Low – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low on Tuesday . The stock traded as low as $2.14 and last traded at $2.14, with a volume of 159 shares changing hands. The stock had previously closed at $3.83.

Qurate Retail Price Performance

The company has a market capitalization of $1.49 billion, a PE ratio of -9.05 and a beta of 1.27. The company has a debt-to-equity ratio of 10.65, a current ratio of 1.34 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $3.89 and its 200-day simple moving average is $3.97.

Qurate Retail (NASDAQ:QRTEB) last announced its 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 negative net margin of 2.44% and a positive return on equity of 33.57%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.