Via Transportation (NYSE:VIA) Hits New 52-Week Low – Time to Sell?

Via Transportation Inc. (NYSE:VIA)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $16.80 and last traded at $16.7050, with a volume of 20825 shares changing hands. The stock had previously closed at $18.02.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Noble Financial downgraded Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Oppenheimer decreased their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. The Goldman Sachs Group raised shares of Via Transportation from a “neutral” rating to a “buy” rating in a report on Tuesday, January 13th. Finally, Morgan Stanley raised shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.91.

Via Transportation Trading Down 4.5%

The firm has a 50 day simple moving average of $26.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of -24.73.

Via Transportation (NYSE:VIA) last announced its earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The company had revenue of $109.65 million during the quarter, compared to the consensus estimate of $106.42 million.

Institutional Investors Weigh In On Via Transportation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Via Transportation during the third quarter valued at approximately $29,000. Assetmark Inc. purchased a new position in shares of Via Transportation during the 3rd quarter valued at $36,000. Caitong International Asset Management Co. Ltd bought a new position in Via Transportation in the 4th quarter worth $34,000. PNC Financial Services Group Inc. bought a new position in Via Transportation in the 3rd quarter worth $60,000. Finally, Strs Ohio bought a new stake in Via Transportation during the fourth quarter valued at about $52,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.