Qurate Retail (NASDAQ:QRTEB) Reaches New 52-Week Low – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.06 and last traded at $2.26, with a volume of 253 shares. The stock had previously closed at $2.12.

Qurate Retail Stock Performance

The stock has a fifty day simple moving average of $2.69 and a two-hundred day simple moving average of $3.33. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The stock has a market cap of $924.89 million, a price-to-earnings ratio of -3.28 and a beta of 1.30.

Institutional Trading of Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Rhumbline Advisers increased its stake in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,363 shares of the company’s stock after acquiring an additional 9,137 shares during the quarter. 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.

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.