Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Time to Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up prior to trading on Thursday . The stock had previously closed at $2.24, but opened at $2.36. Qurate Retail shares last traded at $2.15, with a volume of 2,171 shares trading hands.

Qurate Retail Stock Performance

The firm has a 50-day simple moving average of $2.84 and a two-hundred day simple moving average of $3.44. 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 company has a market capitalization of $895.12 million, a price-to-earnings ratio of -3.18 and a beta of 1.32.

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

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers increased its holdings in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the period. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.