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

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.01, but opened at $3.10. Qurate Retail shares last traded at $3.10, with a volume of 863 shares trading hands.

Qurate Retail Stock Performance

The business has a fifty day moving average price of $3.24 and a 200-day moving average price of $3.68. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The stock has a market capitalization of $1.17 billion, a P/E ratio of -4.17 and a beta of 1.30.

Hedge Funds Weigh In On 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) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors 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.