Via Renewables (NASDAQ:VIA) Announces Quarterly Earnings Results

Via Renewables (NASDAQ:VIA) posted its quarterly earnings data on Wednesday. The company reported $1.81 earnings per share for the quarter, reports. Via Renewables had a net margin of 5.68% and a return on equity of 64.71%. The business had revenue of $114.06 million for the quarter.

Via Renewables Price Performance

VIA opened at $10.93 on Friday. The business has a fifty day moving average of $10.87 and a 200 day moving average of $9.77. The stock has a market cap of $79.02 million, a P/E ratio of 2.72 and a beta of 1.28. 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 52-week low of $5.22 and a 52-week high of $13.31.

Institutional Trading of Via Renewables

A number of hedge funds and other institutional investors have recently bought and sold shares of VIA. Bailard Inc. purchased a new stake in shares of Via Renewables during the fourth quarter valued at $118,000. Metis Global Partners LLC bought a new stake in Via Renewables during the 3rd quarter valued at about $125,000. Finally, AE Wealth Management LLC purchased a new stake in Via Renewables in the 3rd quarter valued at about $146,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Via Renewables in a research report on Friday. They issued a “hold” rating on the 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.