Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Thursday. The brokerage issued a hold rating on the stock.

Qurate Retail Price Performance

Shares of NASDAQ QRTEA opened at $0.38 on Thursday. Qurate Retail has a one year low of $0.31 and a one year high of $1.80. The firm has a fifty day moving average of $0.41 and a 200 day moving average of $0.55. 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 firm has a market cap of $150.80 million, a PE ratio of -0.54 and a beta of 2.63.

Institutional Investors Weigh In On Qurate Retail

Several institutional investors and hedge funds have recently made changes to their positions in QRTEA. Renaissance Technologies LLC boosted its stake in shares of Qurate Retail by 867.1% during the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Qurate Retail in the 3rd quarter valued at $714,000. Point72 Asset Management L.P. purchased a new position in shares of Qurate Retail during the 2nd quarter worth $378,000. Wittenberg Investment Management Inc. boosted its holdings in shares of Qurate Retail by 16.8% during the third quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after purchasing an additional 587,027 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Qurate Retail in the third quarter valued at $262,000. 64.10% of the stock is currently owned by hedge funds and other 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.