Twin Vee PowerCats (NASDAQ:VEEE) Downgraded by Wall Street Zen to Sell

by · The Cerbat Gem

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Twin Vee PowerCats

Twin Vee PowerCats Trading Up 0.9%

Shares of VEEE opened at $2.36 on Friday. The firm has a fifty day moving average price of $2.25 and a 200-day moving average price of $2.27. The firm has a market capitalization of $5.29 million, a P/E ratio of -0.35 and a beta of 1.03. Twin Vee PowerCats has a 12-month low of $1.45 and a 12-month high of $9.30.

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

Institutional Investors Weigh In On 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 Twin Vee PowerCats, Co. (NASDAQ:VEEE – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.57% of the company’s stock.

About Twin Vee PowerCats

(Get Free Report)

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.

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