QVC Group Inc Series A (NASDAQ:QVCGA) Shares to Reverse Split on Friday, May 23rd

Shares of QVC Group Inc Series A (NASDAQ:QVCGA) are set to reverse split on the morning of Friday, May 23rd. The 1-50 reverse split was announced on Friday, May 16th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, May 22nd.

QVC Group Inc Series A Stock Down 15.0%

Shares of NASDAQ QVCGA opened at $0.10 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.73 and a debt-to-equity ratio of 8.74. QVC Group Inc Series A has a 12-month low of $0.10 and a 12-month high of $0.79. The stock has a market capitalization of $40.70 million, a price-to-earnings ratio of -0.14 and a beta of 3.15. The firm’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.38.

QVC Group Inc Series A (NASDAQ:QVCGA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $2.11 billion during the quarter. QVC Group Inc Series A had a positive return on equity of 23.22% and a negative net margin of 2.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of QVC Group Inc Series A in a research note on Tuesday, April 8th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On QVC Group Inc Series A

Institutional investors have recently bought and sold shares of the company. Hestia Capital Management LLC purchased a new position in shares of QVC Group Inc Series A in the fourth quarter worth $713,000. Prudential Financial Inc. purchased a new position in shares of QVC Group Inc Series A in the fourth quarter worth $34,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of QVC Group Inc Series A in the fourth quarter worth $156,000. Barclays PLC purchased a new position in shares of QVC Group Inc Series A in the fourth quarter worth $63,000. Finally, Investment Management Associates Inc. ADV raised its holdings in shares of QVC Group Inc Series A by 12.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 2,380,271 shares of the company’s stock worth $785,000 after buying an additional 256,119 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

QVC Group Inc Series A Company Profile

QVC Group, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.