Qurate Retail Inc Series A (NASDAQ:QRTEA) Sets New 52-Week Low at $9.12

Qurate Retail Inc Series A (NASDAQ:QRTEA) shares hit a new 52-week low during trading on Friday . The company traded as low as $9.12 and last traded at $9.29, with a volume of 184081 shares traded. The stock had previously closed at $9.23.

A number of research analysts recently commented on QRTEA shares. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, October 18th. Finally, DA Davidson set a $16.00 price target on Qurate Retail Inc Series A and gave the stock a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.50.

The company has a market capitalization of $4.07 billion, a P/E ratio of 5.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.16. The business has a fifty day moving average price of $9.86 and a 200 day moving average price of $12.29. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.11.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. Qurate Retail Inc Series A had a return on equity of 14.15% and a net margin of 3.75%. Qurate Retail Inc Series A’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, equities analysts forecast that Qurate Retail Inc Series A will post 1.88 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of QRTEA. Citizens Financial Group Inc RI increased its stake in shares of Qurate Retail Inc Series A by 150.9% during the 3rd quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock worth $26,000 after purchasing an additional 1,509 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of Qurate Retail Inc Series A by 27.0% during the 2nd quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock worth $32,000 after acquiring an additional 908 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Qurate Retail Inc Series A during the 2nd quarter worth $36,000. Signaturefd LLC lifted its holdings in shares of Qurate Retail Inc Series A by 15.6% during the 2nd quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock worth $75,000 after acquiring an additional 810 shares during the last quarter. Finally, Mercer Capital Advisers Inc. bought a new stake in shares of Qurate Retail Inc Series A during the 3rd quarter worth $77,000. 91.18% of the stock is currently owned by institutional investors.

About Qurate Retail Inc Series A (NASDAQ:QRTEA)

Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.

Further Reading: 52-Week High/Low

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