Qurate Retail (NASDAQ:QRTEA) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research report issued on Thursday. The firm set a “hold” rating on the stock.

Qurate Retail Stock Up 0.7 %

Shares of QRTEA stock opened at $0.38 on Thursday. Qurate Retail has a twelve month low of $0.31 and a twelve month high of $1.80. The stock has a market cap of $150.80 million, a P/E ratio of -0.54 and a beta of 2.63. The stock has a 50 day moving average of $0.41 and a 200 day moving average of $0.55. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Institutional Investors Weigh In On Qurate Retail

Institutional investors have recently modified their holdings of the business. Wittenberg Investment Management Inc. grew its stake in Qurate Retail by 16.8% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 4,073,857 shares of the company’s stock valued at $2,485,000 after acquiring an additional 587,027 shares during the period. Geode Capital Management LLC grew its position in shares of Qurate Retail by 4.6% in the third quarter. Geode Capital Management LLC now owns 3,824,936 shares of the company’s stock valued at $2,334,000 after purchasing an additional 168,109 shares during the period. Renaissance Technologies LLC increased its stake 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 worth $2,245,000 after purchasing an additional 3,195,694 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Qurate Retail by 25.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,664,932 shares of the company’s stock worth $1,016,000 after purchasing an additional 341,742 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Qurate Retail in the 3rd quarter valued at about $714,000. 64.10% of the stock is currently 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.