Qurate Retail (NASDAQ:QRTEB) Sees Unusually-High Trading Volume – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares saw strong trading volume on Thursday . 4,399 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 2,292 shares.The stock last traded at $2.18 and had previously closed at $2.33.

Qurate Retail Trading Down 6.2 %

The firm has a market cap of $867.34 million, a price-to-earnings ratio of -3.08 and a beta of 1.30. The company has a fifty day moving average price of $2.65 and a 200-day moving average price of $3.31. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers lifted its holdings in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 2.25% of the company’s stock.

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.