Qurate Retail (NASDAQ:QRTEA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

Qurate Retail Stock Up 2.0 %

Shares of Qurate Retail stock opened at $0.34 on Tuesday. The business has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.58. Qurate Retail has a fifty-two week low of $0.33 and a fifty-two week high of $1.80. The firm has a market cap of $134.45 million, a P/E ratio of -0.48 and a beta of 2.63. 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 number of large investors have recently modified their holdings of QRTEA. Privium Fund Management UK Ltd bought a new stake in shares of Qurate Retail in the 2nd quarter worth approximately $752,000. Oppenheimer Asset Management Inc. lifted its stake in Qurate Retail by 15.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company’s stock valued at $271,000 after buying an additional 58,734 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Qurate Retail by 867.1% during 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 period. Simplify Asset Management Inc. bought a new position in shares of Qurate Retail during the second quarter worth about $220,000. Finally, Summit Trail Advisors LLC increased its holdings in shares of Qurate Retail by 18.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company’s stock worth $164,000 after acquiring an additional 40,000 shares during the period. 64.10% of the stock is currently owned by 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.