Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Should You Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up prior to trading on Tuesday . The stock had previously closed at $2.72, but opened at $2.92. Qurate Retail shares last traded at $2.92, with a volume of 222 shares.

Qurate Retail Stock Performance

The stock has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.73. The firm has a market capitalization of $1.06 billion, a PE ratio of -3.83 and a beta of 1.30. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.