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

Equities researchers at StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Via Renewables Price Performance

Shares of NASDAQ:VIA opened at $10.83 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 2.51. Via Renewables has a twelve month low of $5.22 and a twelve month high of $18.48. The stock’s 50 day moving average is $10.84 and its 200-day moving average is $9.47. The firm has a market capitalization of $78.30 million, a price-to-earnings ratio of 11.40 and a beta of 1.31.

Via Renewables (NASDAQ:VIA) last issued its earnings results on Wednesday, February 28th. The company reported ($0.93) earnings per share for the quarter. Via Renewables had a return on equity of 48.61% and a net margin of 3.44%. The firm had revenue of $101.70 million for the quarter.

Institutional Investors Weigh In On Via Renewables

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in Via Renewables by 112.4% during the first quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock worth $51,000 after buying an additional 3,282 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Via Renewables during the 2nd quarter worth $72,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Via Renewables during the 4th quarter worth $58,000. FMR LLC grew its stake in shares of Via Renewables by 1,109.4% during the 2nd quarter. FMR LLC now owns 11,332 shares of the company’s stock worth $87,000 after acquiring an additional 10,395 shares during the period. Finally, Bailard Inc. bought a new position in shares of Via Renewables during the 4th quarter worth $118,000. Institutional investors own 74.40% of the company’s stock.

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.