StockNews.com Initiates Coverage on Via Renewables (NASDAQ:VIA)

Investment analysts at StockNews.com started coverage on shares of Via Renewables (NASDAQ:VIA) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Via Renewables Price Performance

Via Renewables stock opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.95 and a current ratio of 1.99. Via Renewables has a 52 week low of $5.22 and a 52 week high of $13.31. The stock has a market capitalization of $78.66 million, a P/E ratio of 11.45 and a beta of 1.31. The stock has a fifty day moving average of $10.86 and a 200-day moving average of $9.62.

Via Renewables (NASDAQ:VIA) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.93) EPS for the quarter. Via Renewables had a return on equity of 48.61% and a net margin of 3.44%. The business had revenue of $101.70 million for the quarter.

Hedge Funds Weigh In On Via Renewables

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in shares of Via Renewables in the third quarter valued at about $146,000. Metis Global Partners LLC acquired a new stake in shares of Via Renewables in the third quarter valued at about $125,000. Finally, Bailard Inc. acquired a new stake in shares of Via Renewables in the fourth quarter valued at about $118,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Renewables Company Profile

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.