QVC Group (NASDAQ:QVCGA) Downgraded to Sell Rating by Wall Street Zen

QVC Group (NASDAQ:QVCGA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of QVC Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, QVC Group has a consensus rating of “Sell”.

QVC Group Price Performance

NASDAQ QVCGA opened at $3.15 on Friday. The firm’s fifty day moving average price is $7.66 and its 200 day moving average price is $9.56. QVC Group has a 12 month low of $2.27 and a 12 month high of $15.98. The company has a market capitalization of $25.42 million, a price-to-earnings ratio of -0.01 and a beta of 2.78.

Institutional Investors Weigh In On QVC Group

A number of hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC purchased a new stake in QVC Group in the 2nd quarter valued at approximately $30,000. XTX Topco Ltd purchased a new position in shares of QVC Group during the 2nd quarter worth approximately $32,000. Simplify Asset Management Inc. acquired a new stake in shares of QVC Group in the 2nd quarter valued at approximately $33,000. Qube Research & Technologies Ltd purchased a new stake in shares of QVC Group in the second quarter valued at approximately $37,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of QVC Group in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

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.