Insider Buying: Twin Vee Powercats Co. (NASDAQ:VEEE) President Acquires 50,000 Shares of Stock

Twin Vee Powercats Co. (NASDAQ:VEEE) President Karl J. Zimmer bought 50,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $0.43 per share, with a total value of $21,500.00. Following the acquisition, the president now owns 50,000 shares in the company, valued at approximately $21,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Twin Vee Powercats Price Performance

Shares of VEEE opened at $0.45 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.38 and a current ratio of 4.29. Twin Vee Powercats Co. has a 52-week low of $0.33 and a 52-week high of $1.77. The business has a fifty day moving average of $0.48 and a 200 day moving average of $0.72.

Twin Vee Powercats (NASDAQ:VEEE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. Twin Vee Powercats had a negative net margin of 43.37% and a negative return on equity of 24.27%. The firm had revenue of $4.33 million for the quarter.

About Twin Vee Powercats

Twin Vee PowerCats Co engages in the design, manufacture, and marketing of recreational and commercial power catamaran boats. It operates in three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, such as fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing, and diving expeditions.