Qurate Retail (NASDAQ:QRTEB) Sets New 1-Year Low – Time to Sell?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $3.11 and last traded at $3.44, with a volume of 6352 shares. The stock had previously closed at $3.66.

Qurate Retail Stock Down 6.3 %

The company’s fifty day simple moving average is $3.89 and its 200 day simple moving average is $3.96. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 10.65. The firm has a market capitalization of $1.34 billion, a PE ratio of -8.71 and a beta of 1.27.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Qurate Retail had a positive return on equity of 33.57% and a negative net margin of 2.44%. The business had revenue of $2.41 billion during the quarter.

Institutional Inflows and Outflows

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

Qurate Retail Company Profile

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.