Twin Vee Powercats (NASDAQ:VEEE) Announces Earnings Results

Twin Vee Powercats (NASDAQ:VEEE) announced its quarterly earnings results on Tuesday. The company reported ($0.16) earnings per share for the quarter, reports. Twin Vee Powercats had a negative net margin of 29.18% and a negative return on equity of 25.97%. The company had revenue of $8.45 million during the quarter.

Twin Vee Powercats Trading Down 7.1 %

Shares of VEEE stock opened at $1.04 on Thursday. The stock’s fifty day moving average is $1.25 and its 200-day moving average is $1.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.62 and a current ratio of 6.14. Twin Vee Powercats has a 52 week low of $1.01 and a 52 week high of $2.39.

Institutional Trading of Twin Vee Powercats

Several large investors have recently made changes to their positions in VEEE. Susquehanna International Group LLP bought a new stake in shares of Twin Vee Powercats during the first quarter worth $25,000. Renaissance Technologies LLC bought a new stake in shares of Twin Vee Powercats during the fourth quarter worth $27,000. FAS Wealth Partners Inc. acquired a new position in shares of Twin Vee Powercats during the third quarter valued at $32,000. Geode Capital Management LLC acquired a new position in shares of Twin Vee Powercats during the second quarter valued at $79,000. Finally, Two Sigma Investments LP acquired a new position in shares of Twin Vee Powercats during the third quarter valued at $93,000. Institutional investors own 15.57% of the company’s stock.

About Twin Vee Powercats

Twin Vee PowerCats Co designs, manufactures, and markets recreational and commercial power catamaran boats. It operates through 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, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions.