Twin Vee PowerCats (NASDAQ:VEEE) Shares Up 1.1% – Here’s Why

Shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) were up 1.1% during mid-day trading on Tuesday. The company traded as high as $8.98 and last traded at $8.98. 11,595 shares were traded during trading, a decline of 75% from the average session volume of 45,838 shares. The stock had previously closed at $8.88.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen lowered Twin Vee PowerCats from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, August 19th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Twin Vee PowerCats Stock Down 10.3%

The stock’s 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $14.95. The company has a market capitalization of $4.73 million, a price-to-earnings ratio of -0.08 and a beta of 0.91.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($5.19) earnings per share (EPS) for the quarter. Twin Vee PowerCats had a negative net margin of 76.31% and a negative return on equity of 67.71%. The company had revenue of $2.77 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Twin Vee PowerCats stock. Keebeck Wealth Management purchased a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned approximately 173.91% of Twin Vee PowerCats at the end of the most recent quarter. Hedge funds and other institutional investors own 15.57% of the company’s stock.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co is a recreational and commercial boat manufacturer headquartered in Fort Pierce, Florida. The company designs, manufactures and sells power catamaran boats known for their stability, fuel efficiency and suitability for offshore use.

Twin Vee’s product lineup includes boats intended for saltwater fishing, cruising, family recreation and other boating activities. The company markets its vessels under the Twin Vee brand and has also expanded its portfolio through the AquaSport brand, which offers monohull fishing and family-oriented boats.

Twin Vee sells its products through a network of independent marine dealers serving customers in the United States and select international markets.