Qurate Retail (NASDAQ:QRTEB) Shares Gap Up to $4.01

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) gapped up before the market opened on Friday . The stock had previously closed at $4.01, but opened at $4.37. Qurate Retail shares last traded at $3.99, with a volume of 584 shares.

Qurate Retail Price Performance

The company has a debt-to-equity ratio of 9.61, a current ratio of 1.41 and a quick ratio of 1.01. The firm has a market capitalization of $1.57 billion, a P/E ratio of -10.81 and a beta of 1.32. The company’s 50 day moving average price is $5.02 and its 200 day moving average price is $6.29.

Qurate Retail (NASDAQ:QRTEB) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $3.14 billion for the quarter. Qurate Retail had a positive return on equity of 14.46% and a negative net margin of 1.33%.

Hedge Funds Weigh In On Qurate Retail

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position 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 buying an additional 3,890 shares during the period. Tower Research Capital LLC TRC bought a new stake in Qurate Retail in the third quarter valued at approximately $39,000. Finally, BlackRock Inc. acquired a new stake in Qurate Retail in the second quarter worth $158,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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.