Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Thursday . The stock had previously closed at $3.01, but opened at $3.10. Qurate Retail shares last traded at $3.10, with a volume of 863 shares changing hands.

Qurate Retail Price Performance

The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The firm’s 50-day moving average is $3.24 and its two-hundred day moving average is $3.68. The company has a market cap of $1.17 billion, a P/E ratio of -4.17 and a beta of 1.30.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

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.