QVC Group (NASDAQ:QVCGA) Stock Crosses Above 200 Day Moving Average – What’s Next?

QVC Group Inc. (NASDAQ:QVCGA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.20 and traded as high as $10.70. QVC Group shares last traded at $10.22, with a volume of 44,977 shares traded.

Wall Street Analyst Weigh In

QVCGA has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a research report on Monday, December 29th. Wall Street Zen raised QVC Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

QVC Group Trading Down 1.3%

The firm has a market capitalization of $82.48 million, a P/E ratio of -0.02 and a beta of 2.62. The company has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $9.20.

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

Institutional Investors Weigh In On QVC Group

Several large investors have recently made changes to their positions in QVCGA. Permit Capital LLC purchased a new position in QVC Group during the 2nd quarter valued at approximately $412,000. Wittenberg Investment Management Inc. bought a new position in shares of QVC Group during the 2nd quarter valued at approximately $237,000. Goldman Sachs Group Inc. purchased a new position in shares of QVC Group in the first quarter valued at $48,000. Investment Management Associates Inc. ADV bought a new stake in QVC Group in the second quarter worth $135,000. Finally, Simplify Asset Management Inc. purchased a new stake in QVC Group during the second quarter valued at $33,000. 64.10% of the stock is 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.