Twin Vee PowerCats (NASDAQ:VEEE) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Twin Vee PowerCats (NASDAQ:VEEE) to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings downgraded Twin Vee PowerCats from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Twin Vee PowerCats Stock Down 7.5%

NASDAQ VEEE opened at $5.95 on Friday. The company has a market cap of $1.37 million, a price-to-earnings ratio of -0.04 and a beta of 0.94. Twin Vee PowerCats has a 52 week low of $5.00 and a 52 week high of $169.46. The business has a 50 day moving average price of $10.85 and a 200-day moving average price of $46.26.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) EPS for the quarter. The firm had revenue of $3.96 million for the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 52.34%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP bought a new stake in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned about 1.09% of Twin Vee PowerCats as of its most recent SEC filing. Hedge funds and other institutional investors own 15.57% of the company’s stock.

About Twin Vee PowerCats

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.