Via Renewables (NASDAQ:VIA) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Via Renewables (NASDAQ:VIA) in a report released on Thursday. The firm issued a hold rating on the stock.

Via Renewables Stock Performance

Shares of Via Renewables stock opened at $10.99 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.32 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $10.87 and a two-hundred day moving average price of $10.60. Via Renewables has a 1-year low of $10.99 and a 1-year high of $11.00. The company has a market cap of $79.49 million, a P/E ratio of 2.73 and a beta of 1.34.

Via Renewables (NASDAQ:VIA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.81 earnings per share for the quarter. Via Renewables had a return on equity of 57.36% and a net margin of 5.68%. The firm had revenue of $114.06 million during the quarter.

Hedge Funds Weigh In On Via Renewables

A hedge fund recently bought a new stake in Via Renewables stock. Bailard Inc. purchased a new stake in Via Renewables, Inc. (NASDAQ:VIA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,565 shares of the company’s stock, valued at approximately $118,000. Bailard Inc. owned approximately 0.17% of Via Renewables as of its most recent filing with the Securities and Exchange Commission. 74.40% of the stock is currently owned by hedge funds and other 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.