Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $2.48, but opened at $2.39. Qurate Retail shares last traded at $2.48, with a volume of 1,348 shares traded.

Qurate Retail Stock Down 7.6 %

The firm has a 50-day moving average of $2.93 and a two-hundred day moving average of $3.50. The company has a market capitalization of $909.41 million, a PE ratio of -3.23 and a beta of 1.32. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Qurate Retail (NASDAQ:QRTEB) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $2.34 billion for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) during the third quarter, according to the company in its most recent 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 owned by institutional investors and hedge funds.

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.