Twin Vee PowerCats (NASDAQ:VEEE) Shares Down 1.6% – Time to Sell?

Twin Vee PowerCats, Co. (NASDAQ:VEEE) shares traded down 1.6% during trading on Monday . The stock traded as low as $1.8015 and last traded at $1.83. 84,490 shares were traded during mid-day trading, a decline of 91% from the average session volume of 971,875 shares. The stock had previously closed at $1.86.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VEEE. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, October 8th. Wall Street Zen cut Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Twin Vee PowerCats Stock Down 3.3%

The business’s fifty day moving average is $2.02 and its two-hundred day moving average is $2.21. The firm has a market cap of $3.90 million, a price-to-earnings ratio of -0.26 and a beta of 1.03.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.23) earnings per share (EPS) for the quarter. The firm had revenue of $3.43 million for the quarter. Twin Vee PowerCats had a negative return on equity of 65.04% and a negative net margin of 94.19%.

Institutional Trading of Twin Vee PowerCats

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP bought a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned about 1.09% of Twin Vee PowerCats at the end of the most recent quarter. Institutional investors and hedge funds own 15.57% of the company’s stock.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.