Qurate Retail (NASDAQ:QRTEB) Reaches New 52-Week Low – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price reached a new 52-week low on Wednesday . The company traded as low as $2.01 and last traded at $2.18, with a volume of 4368 shares. The stock had previously closed at $2.20.

Qurate Retail Stock Performance

The business’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $3.25. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The stock has a market capitalization of $865.35 million, a P/E ratio of -3.07 and a beta of 1.30.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers raised its stake in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the period. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.