Qurate Retail (NASDAQ:QRTEB) Shares Down 6.2% – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) traded down 6.2% on Tuesday . The stock traded as low as $2.88 and last traded at $2.88. 4,667 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 5,224 shares. The stock had previously closed at $3.07.

Qurate Retail Price Performance

The company has a market capitalization of $1.15 billion, a PE ratio of -4.07 and a beta of 1.30. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $3.18 and its 200-day simple moving average is $3.64.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC purchased a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

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.