Qurate Retail (NASDAQ:QRTEB) Stock Price Up 58.7%

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB – Get Rating) rose 58.7% on Thursday . The stock traded as high as $18.98 and last traded at $18.43. Approximately 3,830 shares traded hands during trading, a decline of 100% from the average daily volume of 1,509,168 shares. The stock had previously closed at $11.61.

Qurate Retail Price Performance

The company has a 50 day moving average of $5.34 and a two-hundred day moving average of $5.55. The firm has a market cap of $4.35 billion, a P/E ratio of 39.31 and a beta of 1.82. The company has a quick ratio of 0.56, a current ratio of 0.97 and a debt-to-equity ratio of 1.73.

Qurate Retail (NASDAQ:QRTEB – Get Rating) last announced its earnings results on Friday, May 6th. The company reported $0.15 earnings per share for the quarter. Qurate Retail had a return on equity of 15.84% and a net margin of 0.99%. The business had revenue of $2.88 billion during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CSS LLC IL lifted its holdings in shares of Qurate Retail by 7.7% during the fourth quarter. CSS LLC IL now owns 23,372 shares of the company’s stock valued at $177,000 after purchasing an additional 1,662 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Qurate Retail during the fourth quarter valued at $142,000. Finally, Humankind Investments LLC purchased a new stake in shares of Qurate Retail during the second quarter valued at $41,000. Institutional investors own 2.49% of the company’s stock.

About Qurate Retail

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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.