Qurate Retail (NASDAQ:QRTEB) Shares Gap Down to $5.40

Qurate Retail, Inc. (NASDAQ:QRTEBGet Rating)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.40, but opened at $5.19. Qurate Retail shares last traded at $5.16, with a volume of 1,235 shares changing hands.

Qurate Retail Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 8.39. The stock has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $5.53. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -0.86 and a beta of 1.44.

Qurate Retail (NASDAQ:QRTEBGet Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $2.64 billion during the quarter. Qurate Retail had a negative return on equity of 1.68% and a negative net margin of 21.70%.

Insider Activity

In other Qurate Retail news, CEO David Rawlinson sold 89,300 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $0.92, for a total value of $82,156.00. Following the completion of the sale, the chief executive officer now owns 372,004 shares in the company, valued at approximately $342,243.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 117,500 shares of company stock valued at $108,100.

Hedge Funds Weigh In On Qurate Retail

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in Qurate Retail in the 3rd quarter valued at $39,000. Humankind Investments LLC acquired a new stake in shares of Qurate Retail in the 1st quarter valued at $51,000. Finally, Geode Capital Management LLC grew its holdings in shares of Qurate Retail by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock worth $450,000 after purchasing an additional 3,890 shares during the last quarter. 0.03% of the stock is owned by institutional investors.

Qurate Retail Company Profile

(Get Rating)

Qurate Retail, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.

Further Reading

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