Twin Vee PowerCats (NASDAQ:VEEE) Trading 0.3% Higher – Still a Buy?

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was up 0.3% on Tuesday . The stock traded as high as $10.23 and last traded at $9.93. Approximately 13,349 shares were traded during trading, a decline of 83% from the average daily volume of 77,910 shares. The stock had previously closed at $9.90.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of Twin Vee PowerCats from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Twin Vee PowerCats presently has a consensus rating of “Sell”.

Twin Vee PowerCats Stock Performance

The firm has a market cap of $5.56 million, a P/E ratio of -0.09 and a beta of 0.96. The firm has a 50 day simple moving average of $13.19 and a 200 day simple moving average of $10.54.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, August 6th. The company reported ($5.07) earnings per share for the quarter. The firm had revenue of $3.13 million during the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%.

Insider Transactions at Twin Vee PowerCats

In other news, major shareholder Financial Lp Hrt sold 49,505 shares of Twin Vee PowerCats stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $18.12, for a total value of $897,030.60. Following the transaction, the insider owned 5,523 shares in the company, valued at approximately $100,076.76. The trade was a 89.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twin Vee PowerCats

A number of institutional investors have recently bought and sold shares of the stock. Keebeck Wealth Management bought a new stake in shares of Twin Vee PowerCats during the 1st quarter valued at $103,000. Everstar Asset Management LLC bought a new stake in shares of Twin Vee PowerCats in the 1st quarter worth $64,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Twin Vee PowerCats during the 3rd quarter valued at about $67,000. 15.57% of the stock is owned by institutional investors.

Twin Vee PowerCats Company 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.