Everstar Asset Management LLC Purchases New Stake in Twin Vee PowerCats, Co. $VEEE

Everstar Asset Management LLC purchased a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company’s stock, valued at approximately $64,000. Everstar Asset Management LLC owned about 2.90% of Twin Vee PowerCats as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Two Sigma Investments LP purchased a new stake in Twin Vee PowerCats in the 3rd quarter valued at $67,000. 15.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on VEEE shares. Weiss Ratings upgraded Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Twin Vee PowerCats presently has a consensus rating of “Sell”.

Twin Vee PowerCats Trading Down 0.7%

Shares of NASDAQ VEEE opened at $5.65 on Tuesday. Twin Vee PowerCats, Co. has a twelve month low of $5.00 and a twelve month high of $128.02. The stock has a fifty day simple moving average of $6.81 and a 200-day simple moving average of $30.27. The stock has a market capitalization of $2.99 million, a PE ratio of -0.04 and a beta of 1.05.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share (EPS) for the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.The firm had revenue of $3.96 million for the quarter.

Twin Vee PowerCats 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.