Qurate Retail Inc Series A (NASDAQ:QRTEA)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.98 and last traded at $9.09, with a volume of 40609 shares traded. The stock had previously closed at $9.38.

A number of brokerages have issued reports on QRTEA. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. UBS Group dropped their target price on shares of Qurate Retail Inc Series A from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Craig Hallum cut their target price on Qurate Retail Inc Series A from $24.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. DA Davidson set a $16.00 target price on Qurate Retail Inc Series A and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Qurate Retail Inc Series A in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.83.

The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.64 and a current ratio of 1.14. The stock’s 50-day simple moving average is $9.66 and its 200-day simple moving average is $11.52. The firm has a market capitalization of $3.93 billion, a PE ratio of 4.89, a P/E/G ratio of 0.55 and a beta of 1.13.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.08. Qurate Retail Inc Series A had a negative net margin of 2.37% and a positive return on equity of 14.94%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts predict that Qurate Retail Inc Series A will post 1.92 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Citizens Financial Group Inc RI increased its position in Qurate Retail Inc Series A by 150.9% during the 3rd quarter. Citizens Financial Group Inc RI now owns 2,509 shares of the company’s stock valued at $26,000 after buying an additional 1,509 shares in the last quarter. Avestar Capital LLC raised its stake in Qurate Retail Inc Series A by 27.0% during the second quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after buying an additional 908 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at about $36,000. Signaturefd LLC lifted its stake in shares of Qurate Retail Inc Series A by 15.6% in the second quarter. Signaturefd LLC now owns 6,019 shares of the company’s stock worth $75,000 after buying an additional 810 shares in the last quarter. Finally, Mercer Capital Advisers Inc. bought a new position in Qurate Retail Inc Series A in the 3rd quarter valued at approximately $77,000. 89.63% of the stock is currently owned by institutional investors.

About Qurate Retail Inc Series A (NASDAQ:QRTEA)

Qurate Retail, Inc, through 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 live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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