Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) shares gapped down before the market opened on Thursday . The stock had previously closed at $2.11, but opened at $2.00. Qurate Retail shares last traded at $2.03, with a volume of 1,258 shares.

Qurate Retail Stock Performance

The stock’s 50-day moving average is $2.52 and its 200 day moving average is $3.25. 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 stock has a market cap of $827.64 million, a price-to-earnings ratio of -2.91 and a beta of 1.30.

Institutional Investors Weigh In On Qurate Retail

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

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.