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

Investment analysts at StockNews.com began coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Price Performance

QRTEA opened at $0.36 on Tuesday. 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’s 50 day moving average price is $0.36 and its 200-day moving average price is $0.49. The stock has a market capitalization of $140.92 million, a PE ratio of -0.50 and a beta of 2.69. Qurate Retail has a 52-week low of $0.31 and a 52-week high of $1.80.

Institutional Investors Weigh In On Qurate Retail

Hedge funds have recently made changes to their positions in the company. Investment Management Associates Inc. ADV grew its holdings in Qurate Retail by 12.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 2,380,271 shares of the company’s stock worth $785,000 after purchasing an additional 256,119 shares during the period. Hestia Capital Management LLC purchased a new stake in shares of Qurate Retail in the 4th quarter worth approximately $713,000. Parkwoods Wealth Partners LLC increased its position in Qurate Retail by 70.7% during the 4th quarter. Parkwoods Wealth Partners LLC now owns 90,480 shares of the company’s stock valued at $30,000 after buying an additional 37,488 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Qurate Retail during the fourth quarter valued at $156,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Qurate Retail in the third quarter worth $262,000. 64.10% 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.