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

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

Qurate Retail Trading Down 8.7 %

The firm has a 50-day moving average of $2.82 and a 200-day moving average of $3.43. The company has a debt-to-equity ratio of 8.74, a quick ratio of 0.73 and a current ratio of 1.22. The firm has a market capitalization of $833.60 million, a P/E ratio of -2.96 and a beta of 1.32.

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

Hedge Funds Weigh In On Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers raised its holdings in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,363 shares of the company’s stock after buying an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

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.