Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Here’s Why

Qurate Retail, Inc. (NASDAQ:QRTEB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.26, but opened at $3.54. Qurate Retail shares last traded at $3.23, with a volume of 772 shares trading hands.

Qurate Retail Stock Performance

The stock has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $3.76. 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 company has a market cap of $1.35 billion, a price-to-earnings ratio of -4.59 and a beta of 1.30.

Institutional Trading of Qurate Retail

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors.

About Qurate Retail

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.