Wall Street Zen Downgrades Twin Vee PowerCats (NASDAQ:VEEE) to Sell

Twin Vee PowerCats (NASDAQ:VEEE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Twin Vee PowerCats Trading Up 0.9%

Shares of VEEE stock opened at $2.36 on Friday. The firm has a market capitalization of $5.29 million, a PE ratio of -0.35 and a beta of 1.02. The firm has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $2.27. Twin Vee PowerCats has a 12 month low of $1.45 and a 12 month high of $9.30.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP acquired a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned 1.09% of Twin Vee PowerCats at the end of the most recent reporting period. Institutional investors and hedge funds own 15.57% of the company’s stock.

About Twin Vee PowerCats

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.