Qurate Retail (NASDAQ:QRTEA) Coverage Initiated by Analysts at StockNews.com

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

Qurate Retail Stock Performance

NASDAQ QRTEA opened at $0.35 on Friday. The company’s fifty day moving average is $0.40 and its two-hundred day moving average is $0.54. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The firm has a market capitalization of $138.26 million, a price-to-earnings ratio of -0.49 and a beta of 2.68.

Institutional Trading of Qurate Retail

A number of institutional investors and hedge funds have recently modified their holdings of QRTEA. DoubleLine ETF Adviser LP lifted its stake in Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after purchasing an additional 19,265 shares during the period. Virtu Financial LLC lifted its position in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares during the period. Mackenzie Financial Corp lifted its position in shares of Qurate Retail by 100.9% during the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares during the period. Victory Capital Management Inc. boosted its stake in Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock valued at $98,000 after buying an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Qurate Retail in the third quarter valued at $101,000. 64.10% of the stock is currently owned by 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.