Qurate Retail (NASDAQ:QRTEB) Sees Large Volume Increase – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) saw strong trading volume on Wednesday . 23,311 shares changed hands during trading, an increase of 392% from the previous session’s volume of 4,742 shares.The stock last traded at $3.50 and had previously closed at $3.17.

Qurate Retail Stock Performance

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 50-day simple moving average is $3.51 and its 200 day simple moving average is $3.78. The company has a market cap of $1.38 billion, a PE ratio of -4.46 and a beta of 1.30.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 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.