Via Renewables (NASDAQ:VIA) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Via Renewables (NASDAQ:VIA) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Via Renewables Stock Up 0.3 %

Shares of VIA stock opened at $10.83 on Wednesday. The firm has a fifty day moving average of $10.83 and a 200-day moving average of $9.45. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 2.51. Via Renewables has a 12-month low of $5.22 and a 12-month high of $18.48. The company has a market capitalization of $78.30 million, a price-to-earnings ratio of 11.40 and a beta of 1.31.

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

Institutional Trading of Via Renewables

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in Via Renewables by 3.6% in the 4th quarter. GSA Capital Partners LLP now owns 69,025 shares of the company’s stock valued at $649,000 after buying an additional 2,380 shares during the period. Bailard Inc. bought a new position in Via Renewables in the 4th quarter valued at about $118,000. Metis Global Partners LLC bought a new position in Via Renewables in the 3rd quarter valued at about $125,000. AE Wealth Management LLC bought a new position in Via Renewables in the 3rd quarter valued at about $146,000. Finally, Goldman Sachs Group Inc. bought a new position in Via Renewables in the 2nd quarter valued at about $72,000. Institutional investors and hedge funds 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.