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

Qurate Retail, Inc. (NASDAQ:QRTEB – Get 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:QRTEB – Get 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

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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.