Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Still a Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares gapped up prior to trading on Friday . The stock had previously closed at $2.82, but opened at $3.13. Qurate Retail shares last traded at $2.83, with a volume of 292 shares changing hands.

Qurate Retail Price Performance

The company has a market cap of $1.10 billion, a P/E ratio of -3.90 and a beta of 1.30. The company’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $3.64. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 2.25% of the company’s stock.

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.