Qurate Retail (NASDAQ:QRTEB) Trading Down 4.2%

Qurate Retail, Inc. (NASDAQ:QRTEB) was down 4.2% during mid-day trading on Tuesday . The company traded as low as $6.80 and last traded at $6.80. Approximately 8,767 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 16,652 shares. The stock had previously closed at $7.10.

Qurate Retail Stock Down 4.2 %

The company’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $6.00. The company has a debt-to-equity ratio of 7.25, a current ratio of 1.57 and a quick ratio of 1.08.

Qurate Retail (NASDAQ:QRTEB) last posted its earnings results on Friday, August 4th. The company reported ($0.03) EPS for the quarter. The business had revenue of $2.65 billion for the quarter. Qurate Retail had a negative return on equity of 13.97% and a negative net margin of 23.10%.

Institutional Trading of Qurate Retail

Several large investors have recently modified their holdings of QRTEB. Geode Capital Management LLC lifted its holdings in shares of Qurate Retail by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock worth $450,000 after buying an additional 3,890 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Qurate Retail during the third quarter worth $39,000. Humankind Investments LLC acquired a new position in Qurate Retail during the 1st quarter valued at $51,000. Finally, BlackRock Inc. acquired a new position in Qurate Retail during the 2nd quarter valued at $158,000. 2.28% 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.