Qurate Retail (NASDAQ:QRTEP) Stock Price Up 2.4% – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEP)’s share price was up 2.4% during mid-day trading on Tuesday . The company traded as high as $37.79 and last traded at $37.67. Approximately 19,621 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 47,907 shares. The stock had previously closed at $36.79.

Qurate Retail Stock Performance

The firm’s fifty day moving average price is $40.64 and its 200-day moving average price is $42.63.

Qurate Retail Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 21.24%. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Shikiar Asset Management Inc. grew its holdings in Qurate Retail, Inc. (NASDAQ:QRTEP) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,200 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.