QVC Group (NASDAQ:QVCGA) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

QVC Group Inc. (NASDAQ:QVCGA)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.74 and traded as high as $12.49. QVC Group shares last traded at $12.49, with a volume of 372,408 shares traded.

Analyst Upgrades and Downgrades

QVCGA has been the topic of a number of recent research reports. Wall Street Zen raised QVC Group from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of QVC Group in a research report on Monday, December 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

QVC Group Price Performance

The company has a market cap of $100.79 million, a P/E ratio of -0.03 and a beta of 2.64. The company has a 50 day moving average of $10.25 and a 200-day moving average of $7.78.

QVC Group (NASDAQ:QVCGA) last announced its earnings results on Wednesday, November 5th. The company reported ($9.89) earnings per share for the quarter. The business had revenue of $2.21 billion during the quarter.

Institutional Investors Weigh In On QVC Group

Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in QVC Group in the 1st quarter worth approximately $48,000. Permit Capital LLC grew its position in QVC Group by 141.2% in the third quarter. Permit Capital LLC now owns 361,790 shares of the company’s stock worth $4,881,000 after acquiring an additional 211,790 shares in the last quarter. Dakota Wealth Management bought a new position in QVC Group in the second quarter valued at $468,000. Wittenberg Investment Management Inc. purchased a new stake in QVC Group during the second quarter valued at about $237,000. Finally, Geode Capital Management LLC bought a new stake in QVC Group during the second quarter worth about $199,000. 64.10% of the stock is currently owned by institutional investors.

QVC Group Company Profile

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.