Qurate Retail (NASDAQ:QRTEB) Hits New 52-Week Low – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEB) reached a new 52-week low during trading on Thursday . The stock traded as low as $3.11 and last traded at $3.11, with a volume of 2845 shares changing hands. The stock had previously closed at $3.57.

Qurate Retail Stock Up 12.2 %

The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -5.37 and a beta of 1.27. The stock has a 50-day moving average of $3.81 and a 200-day moving average of $3.92. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 10.65.

Qurate Retail (NASDAQ:QRTEB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter. Qurate Retail had a negative net margin of 2.44% and a positive return on equity of 33.57%. The company had revenue of $2.41 billion for the quarter.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% 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.