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

QVC Group Inc. (NASDAQ:QVCGA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.21 and traded as high as $9.90. QVC Group shares last traded at $9.80, with a volume of 29,056 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QVCGA shares. Wall Street Zen upgraded shares of QVC Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

QVC Group Price Performance

The stock has a market cap of $79.07 million, a P/E ratio of -0.02 and a beta of 2.64. The firm’s 50-day moving average price is $10.96 and its 200-day moving average price is $7.21.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Permit Capital LLC purchased a new stake in QVC Group during the 2nd quarter valued at about $412,000. Dakota Wealth Management acquired a new stake in shares of QVC Group during the second quarter worth about $468,000. Wittenberg Investment Management Inc. purchased a new stake in QVC Group in the second quarter valued at approximately $237,000. Goldman Sachs Group Inc. purchased a new stake in QVC Group in the first quarter valued at approximately $48,000. Finally, Investment Management Associates Inc. ADV purchased a new position in QVC Group during the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

About QVC Group

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.