Qurate Retail (NASDAQ:QRTEB) Sets New 12-Month Low – Time to Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low on Monday . The stock traded as low as $2.06 and last traded at $2.06, with a volume of 4959 shares changing hands. The stock had previously closed at $2.10.

Qurate Retail Price Performance

The business has a 50-day moving average of $2.80 and a two-hundred day moving average of $3.40. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The firm has a market cap of $817.72 million, a P/E ratio of -2.90 and a beta of 1.30.

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

Institutional Trading of Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers grew its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent filing with the SEC. 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.