Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Time to Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $2.33, but opened at $2.22. Qurate Retail shares last traded at $2.30, with a volume of 101 shares.

Qurate Retail Stock Performance

The company has a 50-day moving average of $2.68 and a 200 day moving average of $3.32. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The firm has a market capitalization of $869.32 million, a PE ratio of -3.08 and a beta of 1.30.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers raised its holdings in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the period. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent reporting period. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.