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

Wall Street Zen downgraded shares of Twin Vee PowerCats (NASDAQ:VEEEFree Report) from a hold rating to a sell rating in a research report sent to investors on Sunday.

Separately, Weiss Ratings downgraded shares of Twin Vee PowerCats from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Analysis on VEEE

Twin Vee PowerCats Price Performance

VEEE stock opened at $6.76 on Friday. The firm’s fifty day simple moving average is $9.88 and its 200-day simple moving average is $42.94. The company has a market capitalization of $3.58 million, a P/E ratio of -0.05 and a beta of 0.94. Twin Vee PowerCats has a 12 month low of $5.00 and a 12 month high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEEGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) EPS for the quarter. The business had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 51.34%.

Hedge Funds Weigh In On Twin Vee PowerCats

Several large investors have recently made changes to their positions in VEEE. Two Sigma Investments LP acquired a new position in shares of Twin Vee PowerCats in the 3rd quarter valued at $67,000. Everstar Asset Management LLC acquired a new position in shares of Twin Vee PowerCats in the 1st quarter valued at $64,000. Finally, Keebeck Wealth Management acquired a new position in shares of Twin Vee PowerCats in the 1st quarter valued at $103,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

About Twin Vee PowerCats

(Get Free Report)

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.

Further Reading

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