Qurate Retail (NASDAQ:QRTEB) Hits New 52-Week Low - Here's Why

Shares of Qurate Retail, Inc. (NASDAQ:QRTEB) dropped to a new 52-week low on Monday, trading at a low of $2.06 before closing at the same price. The trading volume for the day was recorded at 4,959 shares, slightly down from its previous closing price of $2.10.

Current Trading Trends

The company is currently trading 1.9% lower. Qurate Retail has a 50-day moving average of $2.80 and a 200-day moving average of $3.40. Their market capitalization stands at approximately $817.72 million. The company also has a price-to-earnings (P/E) ratio of -2.90 and a beta value of 1.30, which indicates how its stock price fluctuates relative to the market.

In terms of financial health, Qurate Retail has a current ratio of 1.22, a quick ratio of 0.73, and a notably high debt-to-equity ratio of 8.74, suggesting a heavy reliance on borrowed funds.

Recent Earnings Report

Qurate Retail recently announced its earnings results for the quarter ending November 7th. The company reported an earnings per share (EPS) of ($0.06) with a revenue of $2.34 billion for the quarter. While Qurate Retail achieved a positive return on equity of 23.22%, it also reported a negative net margin of 2.71%, signifying challenges in profitability.

Institutional Investments

Company Overview

Qurate Retail, Inc., along with its subsidiaries, operates within the video and online commerce sectors across North America, Europe, and Asia. The firm is known for its merchandise-focused shopping programs broadcasted on television, along with operations through internet and mobile applications. They retail a diverse selection of products, including women’s, children’s, and men's apparel, as well as items related to home, beauty, and accessories.

Investment Considerations

Considering the current performance and market conditions, potential investors may wish to evaluate their options carefully. At present, analysts categorize Qurate Retail under a 'Hold' rating, with better investment opportunities available elsewhere. Interested parties should research further before committing any funds.

Disclaimer: The information provided here is for informational purposes and does not constitute financial advice.

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