Qurate Retail (NASDAQ:QRTEB) Sets New 1-Year Low – Time to Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $2.64 and last traded at $2.64, with a volume of 1047 shares trading hands. The stock had previously closed at $2.69.

Qurate Retail Price Performance

The company has a 50-day moving average of $3.33 and a 200-day moving average of $3.71. 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 cap of $1.07 billion, a price-to-earnings ratio of -3.79 and a beta of 1.30.

Institutional Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC bought a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third 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. 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.