Equities research analysts at StockNews.com started coverage on shares of Qurate Retail (NASDAQ:QRTEA - Get Free Report) in a note issued to investors on Thursday. The brokerage set a "hold" rating on the stock.

Qurate Retail Price Performance

Shares of NASDAQ:QRTEA opened at $0.33 on Thursday. The firm has a 50 day moving average of $0.42 and a 200-day moving average of $0.55. The stock has a market capitalization of $130.99 million, a PE ratio of -0.46 and a beta of 2.63. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. Qurate Retail has a 12 month low of $0.31 and a 12 month high of $1.80.

Institutional Investors Weigh In On Qurate Retail

A number of institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its stake in shares of Qurate Retail by 15.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 429,535 shares of the company's stock valued at $271,000 after purchasing an additional 58,734 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Qurate Retail by 867.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,564,255 shares of the company's stock valued at $2,245,000 after purchasing an additional 3,195,694 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in shares of Qurate Retail in the 2nd quarter valued at $220,000. Summit Trail Advisors LLC boosted its stake in shares of Qurate Retail by 18.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 260,000 shares of the company's stock valued at $164,000 after purchasing an additional 40,000 shares during the last quarter. Finally, DoubleLine ETF Adviser LP boosted its stake in shares of Qurate Retail by 97.3% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 39,056 shares of the company's stock valued at $25,000 after purchasing an additional 19,265 shares during the last quarter. 64.10% of the stock is owned by institutional investors.

Qurate Retail Company Profile

(Get Free Report)

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.

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