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

Qurate Retail, Inc. (NASDAQ:QRTEB) saw its stock price fall to a new 52-week low during mid-day trading on Wednesday. The stock dipped as low as $2.27 before closing at $2.38, with about 470 shares traded. Previously, the stock had closed at $2.48.

Qurate Retail Price Performance

The company's recent performance reveals a 50-day moving average price at $2.96 and a 200-day moving average price at $3.51. Qurate Retail holds a market capitalization of approximately $936.80 million, with a PE ratio of -3.32 and a beta of 1.32. Financially, the company has a notable debt-to-equity ratio of 8.74, a current ratio of 1.22, and a quick ratio of 0.73.

On November 7th, Qurate Retail released its latest earnings. The company reported an earnings per share (EPS) of -$0.06 for the quarter, indicating challenges in profitability. However, it did achieve a return on equity of 23.22%, albeit with a negative net margin at -2.71%. The total revenue for the quarter stood at $2.34 billion.

Hedge Funds Weigh In On Qurate Retail

In the third quarter, SG Americas Securities LLC made a recent investment in Qurate Retail, acquiring a new stake consisting of 10,447 shares valued at around $45,000. Currently, institutional investors and hedge funds collectively own approximately 2.25% of the stock.

Qurate Retail Company Profile

Qurate Retail, Inc. operates in the video and online commerce sector across North America, Europe, and Asia. The company specializes in the marketing and sale of various consumer products primarily through televised shopping channels and online platforms, including mobile applications. Qurate also functions as an online retailer for a range of products including apparel for women, children, and men as well as items related to home, beauty, and accessories through its app and websites.

Should You Invest in Qurate Retail Right Now?

Before making any investment decisions regarding Qurate Retail, it is advisable to consider the insights from market analysts. Qurate Retail currently holds a "Hold" rating among analysts, who are suggesting other stocks might present better investment opportunities. In fact, some analysts have identified five other stocks they consider worthy buys at this time. It is important for investors to keep up with industry trends and analyst recommendations when evaluating potential investments.

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