Qurate Retail (NASDAQ:QRTEB) Sees Strong Trading Volume – Should You Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) saw an uptick in trading volume on Tuesday . 5,990 shares were traded during trading, an increase of 21% from the previous session’s volume of 4,939 shares.The stock last traded at $3.40 and had previously closed at $3.48.

Qurate Retail Stock Performance

The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -8.50 and a beta of 1.27. The company’s 50-day simple moving average is $3.83 and its 200-day simple moving average is $3.92. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65.

Qurate Retail (NASDAQ:QRTEB) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The business 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 Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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.