The stock of Qurate Retail Inc (NASDAQ:QRTEA) last traded at $0.83, up 18.57% from the previous session.
QRTEA stock price is now -22.71% away from the 50-day moving average and -3.03% away from the 200-day moving average. The market capitalization of the company currently stands at $329.39M.
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With the price target reduced from $4 to $1.20, BofA Securities Downgraded its rating from Neutral to Underperform for Qurate Retail Inc (NASDAQ: QRTEA). On February 28, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $11.50 to quote $6.30, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Wendling Brian J, CAO/PFO sold 20,000 shares of the company’s stock on Nov 27 ’23. The stock was sold for $17,852 at an average price of $0.89. Upon completion of the transaction, the CAO/PFO now directly owns 20,000 shares in the company, valued at $16600.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’23, Director ROMRELL LARRY E sold 1,204 shares of the business’s stock. A total of $34,383 was realized by selling the stock at an average price of $28.56. A total of 10.61% of the company’s stock is owned by insiders.
During the past 12 months, Qurate Retail Inc has had a low of $0.40 and a high of $1.80. As of last week, the company has a debt-to-equity ratio of 28.94, a current ratio of 1.33, and a quick ratio of 0.89.
The net profit margin was -1.56% and return on equity was -39.86% for QRTEA. The company reported revenue of $2.34 billion for the quarter, compared to $2.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.42 percent.
