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

StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a research note released on Saturday. The firm issued a hold rating on the stock.

Via Renewables Stock Performance

Shares of VIA stock opened at $10.99 on Friday. The firm has a market capitalization of $79.49 million, a PE ratio of 2.73 and a beta of 1.34. The firm has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $10.77. The company has a current ratio of 2.34, a quick ratio of 2.32 and a debt-to-equity ratio of 1.64. Via Renewables has a 12 month low of $10.99 and a 12 month high of $11.00.

Via Renewables (NASDAQ:VIA) last posted 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 firm had revenue of $114.06 million during the quarter.

Institutional Trading of Via Renewables

A hedge fund recently bought a new stake in Via Renewables stock. Bailard Inc. bought a new position in Via Renewables, Inc. (NASDAQ:VIA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,565 shares of the company’s stock, valued at approximately $118,000. Bailard Inc. owned approximately 0.17% of Via Renewables at the end of the most recent reporting period. 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.