Qurate Retail (NASDAQ:QRTEB) Sees Strong Trading Volume – Still a Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB) saw an uptick in trading volume on Friday . 4,399 shares traded hands during trading, an increase of 27% from the previous session’s volume of 3,458 shares.The stock last traded at $2.08 and had previously closed at $2.02.

Qurate Retail Price Performance

The stock’s 50-day moving average price is $2.48 and its 200 day moving average price is $3.23. 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 $793.90 million, a price-to-earnings ratio of -2.82 and a beta of 1.30.

Institutional Investors Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers lifted its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,363 shares of the company’s stock after purchasing 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 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.