Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.87, but opened at $3.10. Qurate Retail shares last traded at $3.16, with a volume of 1,220 shares.

Qurate Retail Stock Up 5.2 %

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 stock’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $3.81. The stock has a market cap of $1.20 billion, a P/E ratio of -4.04 and a beta of 1.31.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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.