Via Renewables (NASDAQ:VIA) Cut to Sell at StockNews.com
Renewables shares fell 0.9% on Friday. Shares of Via Renewables fell 0.9% on Friday after the company was downgraded by StockNews.com from a 'hold' rating to a 'sell' rating.
Investors received a Friday note that changed the rating from 'hold' to'sell'.
Via Renewables Trading down 0.9 %
The stock fell $0.09 at midday on Friday to $9.96. The average trading volume for the stock is 35,845. The company's quick ratio is 1.89, its current ratio is 1.94 and its debt-to equity ratio is 4.23. The company has a $71.41 million market cap, a P/E ratio of -7.66, and a beta value of 1.18. The company's fifty-day moving average is $19.30, and its 200-day moving average is $27.08. VIA has recently seen a number of institutional investors change their position. JPMorgan Chase & Co. increased its stake in Via Renewables shares by 52.1% during the first quarter. JPMorgan Chase & Co. owns 832.909 shares valued at $6.863,000, after buying an additional 285,232 in the last quarter. Bank of New York Mellon Corp increased its stake in Via Renewables in the first quarter by 2.1%. Bank of New York Mellon Corp owns 359.308 shares of Via Renewables worth $2.960,000, after adding 7,450 additional shares. Citigroup Inc. increased its position in Via Renewables in the first quarter by 112,4%. Citigroup Inc. owns 6,203 of the company’s shares worth $51,000, after purchasing an additional 3,282 during the period. BlackRock Inc. increased its stake in Via Renewables during the first quarter by 1.1%. BlackRock Inc. owns now 877,493 of the company’s shares worth $7,230,000, after buying an additional 9,764 in the last quarter. Dimensional Fund Advisors LP increased its stake in Via Renewables during the first quarter by 1.3%. Dimensional Fund Advisors LP owns 251,748 of the company’s stock, worth $2 074,000. This is after buying an additional 3,273 in the last quarter. 16.17% of company stock is owned by hedge funds and institutional investors.
Via Renewables Company profile
Get Rating
)
Via Renewables, Inc. is an independent retailer of energy services. Retail Electricity and Retail Natural Gas are its two segments. Retail Natural Gas purchases natural gas from market counterparts through financial and physical transactions. Retail Electricity is obtained by independent system operators, who then supply electricity to consumers in residential and commercial areas.
MarketBeat.com offers a FREE daily email newsletter
.