Qurate Retail (NASDAQ:QRTEP) Trading 2.4% Higher – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEP) shares traded up 2.4% during trading on Tuesday . The stock traded as high as $37.79 and last traded at $37.67. 19,621 shares were traded during mid-day trading, a decline of 59% from the average session volume of 47,907 shares. The stock had previously closed at $36.79.

Qurate Retail Price Performance

The firm has a fifty day simple moving average of $40.59 and a 200 day simple moving average of $42.61.

Qurate Retail Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 20.30%. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Shikiar Asset Management Inc. boosted its stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEP) by 20.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,200 shares of the company’s stock after buying an additional 1,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $303,000 at the end of the most recent quarter.

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.