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

QVC Group Inc. (NASDAQ:QVCGA) 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QVCGA. Wall Street Zen raised shares of QVC Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of QVC Group in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, QVC Group currently has an average rating of “Sell”.

QVC Group Trading Up 5.9%

The stock has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $7.74. The firm has a market cap of $100.79 million, a PE ratio of -0.03 and a beta of 2.64.

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

Institutional Investors Weigh In On QVC Group

A number of institutional investors have recently added to or reduced their stakes in QVCGA. Wilmington Savings Fund Society FSB purchased a new position in shares of QVC Group in the third quarter worth $116,000. Bridgeway Capital Management LLC purchased a new position in QVC Group during the second quarter valued at $30,000. XTX Topco Ltd bought a new stake in QVC Group in the 2nd quarter valued at $32,000. Simplify Asset Management Inc. purchased a new stake in QVC Group in the 2nd quarter worth $33,000. Finally, Voleon Capital Management LP purchased a new stake in QVC Group in the 3rd quarter worth $167,000. 64.10% of the stock is owned by hedge funds and other 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.