StockNews.com Begins Coverage on Qurate Retail (NASDAQ:QRTEA)

StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Qurate Retail Stock Performance

QRTEA opened at $0.35 on Tuesday. 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 fifty day moving average price of $0.48 and a two-hundred day moving average price of $0.59. The company has a market cap of $138.69 million, a P/E ratio of -0.49 and a beta of 2.63. Qurate Retail has a 1-year low of $0.34 and a 1-year high of $1.80.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently added to or reduced their stakes in the company. DoubleLine ETF Adviser LP boosted its stake in Qurate Retail by 97.3% in the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock valued at $25,000 after acquiring an additional 19,265 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Qurate Retail by 76.6% during the 3rd quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock valued at $56,000 after buying an additional 39,807 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Qurate Retail by 100.9% in the 2nd quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after purchasing an additional 52,706 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Qurate Retail by 246.4% in the 3rd quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after purchasing an additional 114,736 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Qurate Retail in the 3rd quarter worth approximately $101,000. 64.10% of the stock is 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.