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

Twin Vee PowerCats (NASDAQ:VEEE) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Twin Vee PowerCats Stock Performance

Shares of Twin Vee PowerCats stock opened at $2.36 on Friday. The stock has a 50 day moving average of $2.25 and a 200 day moving average of $2.27. The firm has a market capitalization of $5.29 million, a price-to-earnings ratio of -0.35 and a beta of 1.03. Twin Vee PowerCats has a fifty-two week low of $1.45 and a fifty-two week high of $9.30.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) EPS for the quarter. The business had revenue of $3.43 million during the quarter. Twin Vee PowerCats had a negative net margin of 94.19% and a negative return on equity of 65.04%.

Institutional Trading of Twin Vee PowerCats

An institutional investor recently bought a new position in Twin Vee PowerCats stock. Two Sigma Investments LP purchased a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned approximately 1.09% of Twin Vee PowerCats as of its most recent filing with the Securities & Exchange Commission. 15.57% of the stock is owned by institutional investors.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.