QVC Group (NASDAQ:QVCGA) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

QVC Group Inc. (NASDAQ:QVCGA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.09 and traded as high as $13.57. QVC Group shares last traded at $11.40, with a volume of 101,027 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

QVC Group Trading Down 14.3%

The company has a market cap of $92.00 million, a price-to-earnings ratio of -0.03 and a beta of 3.03. The firm’s fifty day moving average price is $11.34 and its 200-day moving average price is $7.09.

QVC Group (NASDAQ:QVCGA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $21.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.24 billion during the quarter.

Hedge Funds Weigh In On QVC Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new position in QVC Group in the 2nd quarter worth $468,000. Goldman Sachs Group Inc. acquired a new position in QVC Group in the 1st quarter worth $48,000. Geode Capital Management LLC acquired a new position in QVC Group in the 2nd quarter worth $199,000. Invesco Ltd. acquired a new position in QVC Group in the 2nd quarter worth $47,000. Finally, Qube Research & Technologies Ltd acquired a new position in QVC Group in the 2nd quarter worth $37,000. 64.10% of the stock is owned by institutional investors and hedge funds.

QVC Group 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.