Qurate Retail (NASDAQ:QRTEB) Shares Gap Down – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.11, but opened at $2.00. Qurate Retail shares last traded at $2.03, with a volume of 1,258 shares traded.

Qurate Retail Stock Performance

The company has a fifty day moving average of $2.52 and a 200 day moving average of $3.25. The stock has a market cap of $827.64 million, a P/E ratio of -2.91 and a beta of 1.30. The company has a debt-to-equity ratio of 8.74, a current ratio of 1.22 and a quick ratio of 0.73.

Institutional Trading of Qurate Retail

An institutional investor recently raised its position in Qurate Retail stock. Rhumbline Advisers grew its position in Qurate Retail, Inc. (NASDAQ:QRTEB) by 745.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,363 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Rhumbline Advisers’ holdings in Qurate Retail were worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.