Qurate Retail (NASDAQ:QRTEA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Price Performance

Qurate Retail stock opened at $0.34 on Friday. The company’s 50 day simple moving average is $0.37 and its 200-day simple moving average is $0.53. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. Qurate Retail has a 1 year low of $0.31 and a 1 year high of $1.80. The company has a market capitalization of $135.52 million, a price-to-earnings ratio of -0.48 and a beta of 2.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Qurate Retail by 867.1% in the second quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,195,694 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Qurate Retail in the 3rd quarter valued at $714,000. Point72 Asset Management L.P. acquired a new position in Qurate Retail in the 2nd quarter valued at $378,000. Wittenberg Investment Management Inc. raised its position in Qurate Retail by 16.8% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock worth $2,485,000 after buying an additional 587,027 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Qurate Retail in the 4th quarter worth $156,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

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.