Twin Vee PowerCats (NASDAQ:VEEE) Director Kevin Schuyler Acquires 25,000 Shares

Twin Vee PowerCats, Co. (NASDAQ:VEEE) Director Kevin Schuyler acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of $0.41 per share, with a total value of $10,250.00. Following the acquisition, the director directly owned 31,252 shares of the company’s stock, valued at $12,813.32. This trade represents a 399.87% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Twin Vee PowerCats Trading Down 9.1%

VEEE stock traded down $0.04 during trading on Thursday, reaching $0.40. 5,069,288 shares of the stock were exchanged, compared to its average volume of 5,551,809. The firm has a market capitalization of $3.45 million, a price-to-earnings ratio of -0.09 and a beta of 1.16. The business has a 50 day moving average price of $1.04 and a 200-day moving average price of $1.79. Twin Vee PowerCats, Co. has a 1 year low of $0.26 and a 1 year high of $9.30.

Analyst Ratings Changes

A number of research firms have recently weighed in on VEEE. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, January 21st. Wall Street Zen cut shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Twin Vee PowerCats

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP purchased a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned 1.09% of Twin Vee PowerCats as of its most recent SEC filing. 15.57% of the stock is owned by institutional investors and hedge funds.

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.