Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) gapped down before the market opened on Thursday . The stock had previously closed at $2.11, but opened at $2.00. Qurate Retail shares last traded at $2.03, with a volume of 1,258 shares changing hands.

Qurate Retail Stock Performance

The stock has a market cap of $793.90 million, a price-to-earnings ratio of -2.82 and a beta of 1.30. The stock’s fifty day moving average is $2.48 and its 200-day moving average is $3.23. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers grew its stake in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent reporting period. 2.25% of the stock is owned by institutional investors and hedge funds.

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.