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

StockNews.com assumed coverage on shares of Via Renewables (NASDAQ:VIA) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Via Renewables Price Performance

NASDAQ VIA opened at $10.88 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 2.51. Via Renewables has a 1 year low of $5.22 and a 1 year high of $13.31. The company has a market cap of $78.66 million, a PE ratio of 11.45 and a beta of 1.31. The stock’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $9.66.

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 firm 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 Trading of Via Renewables

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

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.