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

Stock analysts at StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Via Renewables Price Performance

Shares of VIA stock opened at $10.85 on Thursday. The firm has a market cap of $78.45 million, a P/E ratio of 11.42 and a beta of 1.31. Via Renewables has a fifty-two week low of $5.22 and a fifty-two week high of $13.31. The business’s 50 day moving average price is $10.86 and its 200-day moving average price is $9.59. 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 (NASDAQ:VIA) last issued its quarterly earnings data 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 return on equity of 48.61% and a net margin of 3.44%.

Institutional Investors Weigh In On Via Renewables

Several hedge funds have recently made changes to their positions in VIA. AE Wealth Management LLC bought a new stake in shares of Via Renewables during the third quarter valued at approximately $146,000. Metis Global Partners LLC bought a new stake in shares of Via Renewables during the third quarter valued at approximately $125,000. Finally, Bailard Inc. bought a new stake in shares of Via Renewables during the fourth quarter valued at approximately $118,000. 74.40% of the stock is currently owned by institutional investors.

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.