Qurate Retail (NASDAQ:QRTEB) Sees Strong Trading Volume – Here’s What Happened

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) saw strong trading volume on Thursday . 3,533 shares traded hands during trading, an increase of 27% from the previous session’s volume of 2,778 shares.The stock last traded at $2.24 and had previously closed at $2.21.

Qurate Retail Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $3.37. The stock has a market cap of $893.14 million, a price-to-earnings ratio of -3.17 and a beta of 1.30.

Qurate Retail (NASDAQ:QRTEB) last announced its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The company had revenue of $2.34 billion for the quarter.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently 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.