Twin Vee PowerCats (NASDAQ:VEEE) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Twin Vee PowerCats (NASDAQ:VEEE) from a sell rating to a strong sell rating in a research note published on Saturday.

Separately, Weiss Ratings upgraded Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Twin Vee PowerCats Price Performance

NASDAQ VEEE opened at $11.71 on Friday. The business has a fifty day moving average price of $11.61 and a two-hundred day moving average price of $15.61. The stock has a market capitalization of $6.67 million, a PE ratio of -0.11 and a beta of 0.96. Twin Vee PowerCats has a fifty-two week low of $4.16 and a fifty-two week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($5.07) 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 business had revenue of $3.13 million during the quarter.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 49,505 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $18.12, for a total value of $897,030.60. Following the completion of the transaction, the insider owned 5,523 shares in the company, valued at $100,076.76. This trade represents a 89.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Twin Vee PowerCats

A number of institutional investors have recently added to or reduced their stakes in VEEE. Keebeck Wealth Management acquired a new position in Twin Vee PowerCats in the 2nd quarter valued at approximately $56,000. Two Sigma Investments LP acquired a new position in shares of Twin Vee PowerCats during the third quarter worth $67,000. Finally, Everstar Asset Management LLC bought a new stake in shares of Twin Vee PowerCats in the first quarter worth $64,000. 15.57% of the stock is owned by institutional investors.

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.