Qurate Retail (NASDAQ:QRTEB) Shares Up 5.5% – Time to Buy?

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) shot up 5.5% during trading on Wednesday . The company traded as high as $2.43 and last traded at $2.41. 4,281 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 4,168 shares. The stock had previously closed at $2.28.

Qurate Retail Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. The stock has a market capitalization of $928.47 million, a P/E ratio of -3.29 and a beta of 1.32. The company has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $3.44.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter. Qurate Retail had a positive return on equity of 23.22% and a negative net margin of 2.71%. The business had revenue of $2.34 billion for the quarter.

Institutional Investors Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors.

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.