Qurate Retail (NASDAQ:QRTEB) Trading Down 4.2%

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price was down 4.2% on Tuesday . The company traded as low as $6.80 and last traded at $6.80. Approximately 8,767 shares traded 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 has a debt-to-equity ratio of 7.25, a quick ratio of 1.08 and a current ratio of 1.57. The business has a 50 day moving average price of $6.82 and a 200-day moving average price of $6.00.

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

Hedge Funds Weigh In On Qurate Retail

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Qurate Retail in the second quarter worth $158,000. Humankind Investments LLC acquired a new position in Qurate Retail in the 1st quarter valued at about $51,000. Tower Research Capital LLC TRC purchased a new position in Qurate Retail in the 3rd quarter valued at about $39,000. Finally, Geode Capital Management LLC boosted its stake in shares of Qurate Retail by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 88,945 shares of the company’s stock worth $450,000 after purchasing an additional 3,890 shares during the last quarter. Institutional investors and hedge funds own 2.28% 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.