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

StockNews.com started coverage on shares of Via Renewables (NASDAQ:VIA) in a report issued on Friday. The firm set a “hold” rating on the stock.

Via Renewables Price Performance

Shares of NASDAQ VIA opened at $10.99 on Friday. The stock’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.68. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.34 and a quick ratio of 2.32. 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 price-to-earnings 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 company had revenue of $114.06 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Via Renewables stock. Bailard Inc. acquired a new stake in Via Renewables, Inc. (NASDAQ:VIA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,565 shares of the company’s stock, valued at approximately $118,000. Bailard Inc. owned about 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 institutional investors and hedge funds.

Via Renewables Company Profile

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.