Qurate Retail (NASDAQ:QRTEA) Downgraded by StockNews.com to “Sell”

Qurate Retail (NASDAQ:QRTEA) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Qurate Retail Stock Performance

QRTEA stock remained flat at $0.71 during midday trading on Monday. The company’s stock had a trading volume of 1,672,448 shares, compared to its average volume of 4,122,853. The firm has a market cap of $279.43 million, a price-to-earnings ratio of -1.70 and a beta of 2.71. Qurate Retail has a fifty-two week low of $0.40 and a fifty-two week high of $1.80. The stock’s 50-day simple moving average is $0.70 and its 200 day simple moving average is $0.91. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 12.97.

Qurate Retail (NASDAQ:QRTEA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $2.34 billion for the quarter. Qurate Retail had a negative net margin of 1.56% and a positive return on equity of 23.19%.

Institutional Trading of Qurate Retail

Large investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI bought a new stake in shares of Qurate Retail in the first quarter valued at about $43,000. Walleye Trading LLC bought a new stake in shares of Qurate Retail in the 1st quarter valued at about $31,000. Price T Rowe Associates Inc. MD lifted its position in shares of Qurate Retail by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 101,240 shares of the company’s stock worth $125,000 after purchasing an additional 26,700 shares during the period. Quadrature Capital Ltd bought a new position in shares of Qurate Retail during the first quarter valued at approximately $285,000. Finally, Gabelli Funds LLC boosted its stake in shares of Qurate Retail by 12.3% during the first quarter. Gabelli Funds LLC now owns 530,000 shares of the company’s stock valued at $652,000 after purchasing an additional 58,000 shares in the last quarter. Hedge funds and other institutional investors own 64.10% 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.