Qurate Retail (NASDAQ:QRTEP) Trading Up 5.3% – Here’s Why

Shares of Qurate Retail, Inc. (NASDAQ:QRTEP) were up 5.3% on Thursday . The company traded as high as $36.35 and last traded at $36.33. Approximately 31,181 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 50,891 shares. The stock had previously closed at $34.50.

Qurate Retail Price Performance

The company’s 50-day moving average is $37.98 and its two-hundred day moving average is $39.72.

Qurate Retail Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 21.45%. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Shikiar Asset Management Inc. raised its stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEP) by 31.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the company’s stock after buying an additional 2,300 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $413,000 as of its most recent SEC filing.

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.