Qurate Retail (NASDAQ:QRTEB) Hits New 52-Week Low – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $3.11 and last traded at $3.44, with a volume of 6352 shares changing hands. The stock had previously closed at $3.66.

Qurate Retail Price Performance

The firm has a fifty day moving average of $3.89 and a 200 day moving average of $3.96. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 10.65. The company has a market capitalization of $1.34 billion, a P/E ratio of -8.71 and a beta of 1.27.

Qurate Retail (NASDAQ:QRTEB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter. The firm had revenue of $2.41 billion during the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%.

Institutional Trading of 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 third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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.

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.