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

Analysts at StockNews.com assumed coverage on shares of Via Renewables (NASDAQ:VIA) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Via Renewables Stock Performance

Shares of Via Renewables stock opened at $10.99 on Friday. Via Renewables has a 1-year low of $10.99 and a 1-year high of $11.00. The company has a market cap of $79.49 million, a PE ratio of 2.73 and a beta of 1.34. The company has a current ratio of 2.34, a quick ratio of 2.32 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $10.89 and a 200-day moving average of $10.68.

Via Renewables (NASDAQ:VIA) last announced its earnings results on Wednesday, May 1st. The company reported $1.81 earnings per share (EPS) for the quarter. Via Renewables had a net margin of 5.68% and a return on equity of 57.36%. The business had revenue of $114.06 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Via Renewables stock. Bailard Inc. bought a new position in Via Renewables, Inc. (NASDAQ:VIA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,565 shares of the company’s stock, valued at approximately $118,000. Bailard Inc. owned 0.17% of Via Renewables as of its most recent SEC filing. Institutional investors 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.