Twin Vee PowerCats (NASDAQ:VEEE) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Twin Vee PowerCats (NASDAQ:VEEE) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Twin Vee PowerCats Price Performance

Shares of NASDAQ:VEEE opened at $10.74 on Friday. The stock has a market capitalization of $6.12 million, a price-to-earnings ratio of -0.10 and a beta of 0.95. The business’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $14.97. Twin Vee PowerCats has a fifty-two week low of $4.16 and a fifty-two week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its earnings results on Thursday, August 6th. The company reported ($5.07) earnings per share (EPS) for the quarter. The firm had revenue of $3.13 million for the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 49,505 shares of Twin Vee PowerCats stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $18.12, for a total value of $897,030.60. Following the completion of the transaction, the insider directly owned 5,523 shares of the company’s stock, valued at $100,076.76. The trade was a 89.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Twin Vee PowerCats

Hedge funds have recently added to or reduced their stakes in the stock. Keebeck Wealth Management acquired a new stake in Twin Vee PowerCats in the 1st quarter valued at about $103,000. Everstar Asset Management LLC acquired a new position in shares of Twin Vee PowerCats during the first quarter worth approximately $64,000. Finally, Two Sigma Investments LP acquired a new position in shares of Twin Vee PowerCats during the third quarter worth approximately $67,000. Institutional investors own 15.57% of the company’s stock.

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.