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

Stock analysts at StockNews.com assumed coverage on shares of Qurate Retail (NASDAQ:QRTEA) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Qurate Retail Stock Performance

Shares of Qurate Retail stock opened at $0.33 on Tuesday. Qurate Retail has a fifty-two week low of $0.33 and a fifty-two week high of $1.80. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73. The firm has a market capitalization of $131.87 million, a P/E ratio of -0.47 and a beta of 2.63. The company’s 50 day moving average price is $0.47 and its two-hundred day moving average price is $0.58.

Hedge Funds Weigh In On Qurate Retail

Large investors have recently modified their holdings of the business. DoubleLine ETF Adviser LP raised its stake in Qurate Retail by 97.3% during the second quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company’s stock worth $25,000 after buying an additional 19,265 shares during the last quarter. Virtu Financial LLC raised its stake in Qurate Retail by 76.6% during the third quarter. Virtu Financial LLC now owns 91,779 shares of the company’s stock worth $56,000 after buying an additional 39,807 shares during the last quarter. Mackenzie Financial Corp raised its stake in Qurate Retail by 100.9% during the second quarter. Mackenzie Financial Corp now owns 104,936 shares of the company’s stock worth $66,000 after buying an additional 52,706 shares during the last quarter. Victory Capital Management Inc. raised its stake in Qurate Retail by 246.4% during the third quarter. Victory Capital Management Inc. now owns 161,293 shares of the company’s stock worth $98,000 after buying an additional 114,736 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Qurate Retail during the third quarter worth $101,000. Institutional investors own 64.10% of the company’s stock.

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.