Twin Vee PowerCats (NASDAQ:VEEE) Director Kevin Schuyler Buys 25,000 Shares of Stock

Twin Vee PowerCats, Co. (NASDAQ:VEEE) Director Kevin Schuyler purchased 25,000 shares of Twin Vee PowerCats stock in a transaction that occurred on Thursday, March 19th. The stock was acquired 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. The trade was a 399.87% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Twin Vee PowerCats Trading Up 1.0%

VEEE stock traded up $0.00 during midday trading on Friday, hitting $0.40. 3,084,315 shares of the company’s stock were exchanged, compared to its average volume of 5,504,532. The firm has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.78. Twin Vee PowerCats, Co. has a 12-month low of $0.26 and a 12-month high of $9.30. The stock has a market capitalization of $3.48 million, a price-to-earnings ratio of -0.09 and a beta of 1.16.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. 15.57% of the stock is owned by institutional investors.

About Twin Vee PowerCats

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.