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

StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a research note published on Friday morning. The brokerage issued a hold rating on the stock.

Via Renewables Stock Performance

Shares of Via Renewables stock opened at $10.93 on Friday. The company has a market cap of $79.02 million, a P/E ratio of 2.72 and a beta of 1.28. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 2.51. The business has a 50-day moving average price of $10.87 and a two-hundred day moving average price of $9.82. Via Renewables has a 1-year low of $5.22 and a 1-year high of $13.31.

Via Renewables (NASDAQ:VIA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The firm had revenue of $114.06 million for the quarter. Via Renewables had a return on equity of 64.71% and a net margin of 5.68%.

Hedge Funds Weigh In On Via Renewables

A number of institutional investors and hedge funds have recently made changes to their positions in VIA. Bailard Inc. bought a new position in Via Renewables in the fourth quarter worth approximately $118,000. Metis Global Partners LLC bought a new position in shares of Via Renewables in the 3rd quarter worth $125,000. Finally, AE Wealth Management LLC acquired a new stake in Via Renewables in the 3rd quarter valued at $146,000. Institutional investors own 74.40% of the company’s stock.

About Via Renewables

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.