Qurate Retail (NASDAQ:QRTEB) Shares Gap Up – Should You Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $2.87, but opened at $3.10. Qurate Retail shares last traded at $3.16, with a volume of 1,220 shares traded.

Qurate Retail Stock Performance

The company has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $3.80. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. SG Americas Securities LLC bought a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,447 shares of the company’s stock, valued at approximately $45,000. 2.25% of the stock is currently owned by institutional investors.

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.