Qurate Retail (NASDAQ:QRTEB) Sets New 1-Year Low - Here's What Happened

Qurate Retail, Inc. (NASDAQ:QRTEB) recently hit a new 52-week low during trading sessions on Wednesday. The stock reached a low of $2.27 before closing at $2.38, with around 470 shares exchanged. Previously, the stock had closed at $2.48.

Qurate Retail Price Performance

In terms of price performance, the company has a 50-day moving average standing at $2.96 and a 200-day moving average at $3.51. Qurate Retail has a market capitalization of approximately $936.80 million. Currently, the stock has a P/E ratio of -3.32 and a beta of 1.32. The company's financial health is indicated by a debt-to-equity ratio of 8.74, a current ratio of 1.22, and a quick ratio of 0.73.

On November 7, Qurate Retail announced its earnings, reporting an earnings per share (EPS) of -$0.06 for the quarter. Notably, the company achieved a positive return on equity of 23.22%, although it faced a net margin of -2.71%. The reported revenue for the quarter was $2.34 billion.

Hedge Funds Weigh In On Qurate Retail

Recently, there has been activity from hedge funds regarding Qurate Retail. SG Americas Securities LLC has acquired a new stake in Qurate Retail, purchasing approximately 10,447 shares valued at around $45,000 in the third quarter. Current ownership by institutional investors and hedge funds stands at about 2.25%.

About Qurate Retail

Qurate Retail, Inc. is a company that, alongside its subsidiaries, is active in the video and online commerce sectors across North America, Europe, and Asia. It specializes in marketing and selling a variety of consumer products through television shopping programs, online platforms, and mobile applications. Additionally, the company operates as an online retailer that offers apparel for women, children, and men, along with other products like home goods, accessories, and beauty items through its app and website.

Further Insights

Before making any investment decisions, it's essential to consider various factors. Market analysts have noted that while Qurate Retail currently holds a "hold" rating, there are other stocks recommended by top-rated analysts that may present better investment opportunities.

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