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 mid-day trading on Tuesday . The stock traded as low as $16.80 and last traded at $16.7050, with a volume of 20825 shares traded. The stock had previously closed at $18.02.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Finally, Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.91.

Via Transportation Stock Performance

The company has a market cap of $1.39 billion and a PE ratio of -24.73. 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 fifty day moving average of $26.21.

Via Transportation (NYSE:VIA) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.69) earnings per share (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

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

About Via Transportation

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.