Qurate Retail (NASDAQ:QRTEB) Hits New 52-Week Low – Should You Sell?

Qurate Retail, Inc. (NASDAQ:QRTEBGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.27 and last traded at $2.38, with a volume of 470 shares changing hands. The stock had previously closed at $2.48.

Qurate Retail Stock Down 4.8 %

The firm has a market cap of $936.80 million, a P/E ratio of -3.32 and a beta of 1.32. The company has a quick ratio of 0.73, a current ratio of 1.22 and a debt-to-equity ratio of 8.74. The company has a fifty day simple moving average of $2.96 and a 200-day simple moving average of $3.51.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Qurate Retail stock. SG Americas Securities LLC acquired a new stake in shares of Qurate Retail, Inc. (NASDAQ:QRTEBFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,447 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 2.25% of the company’s stock.

Qurate Retail Company Profile

(Get Free Report)

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.

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