Twin Vee PowerCats (NASDAQ:VEEE) Shares Up 6.2% – Time to Buy?

Twin Vee PowerCats, Co. (NASDAQ:VEEEGet Free Report)’s share price was up 6.2% on Monday . The stock traded as high as $0.4850 and last traded at $0.4780. Approximately 2,856,668 shares were traded during mid-day trading, an increase of 341% from the average daily volume of 648,353 shares. The stock had previously closed at $0.4502.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen cut Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Report on Twin Vee PowerCats

Twin Vee PowerCats Stock Up 6.2%

The business has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.98. The company has a market cap of $1.07 million, a PE ratio of -0.07 and a beta of 1.05.

Hedge Funds Weigh In On Twin Vee PowerCats

An institutional investor recently bought a new position in Twin Vee PowerCats stock. Two Sigma Investments LP bought a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEEFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 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 at the end of the most recent reporting period. 15.57% of the stock is 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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