Qurate Retail (NASDAQ:QRTEB) Hits New 12-Month Low – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low on Thursday . The company traded as low as $2.64 and last traded at $2.64, with a volume of 1047 shares. The stock had previously closed at $2.69.

Qurate Retail Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The stock has a fifty day moving average price of $3.33 and a two-hundred day moving average price of $3.71. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.79 and a beta of 1.30.

Hedge Funds Weigh In On Qurate Retail

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 the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

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.