Twin Vee PowerCats (NASDAQ:VEEE) Stock Rating Lowered by Wall Street Zen

Twin Vee PowerCats (NASDAQ:VEEE) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Twin Vee PowerCats Price Performance

Shares of NASDAQ VEEE opened at $11.71 on Friday. The stock’s 50-day moving average is $11.61 and its two-hundred day moving average is $15.27. Twin Vee PowerCats has a 1-year low of $4.16 and a 1-year high of $128.02. The company has a market cap of $6.67 million, a price-to-earnings ratio of -0.11 and a beta of 0.95.

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

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 49,505 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $18.12, for a total value of $897,030.60. Following the completion of the transaction, the insider owned 5,523 shares in the company, valued at approximately $100,076.76. This represents a 89.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Twin Vee PowerCats

Several hedge funds and other institutional investors have recently bought and sold shares of VEEE. Keebeck Wealth Management acquired a new position in Twin Vee PowerCats in the second quarter valued at $56,000. Everstar Asset Management LLC acquired a new stake in shares of Twin Vee PowerCats during the first quarter worth about $64,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Twin Vee PowerCats in the 3rd quarter valued at about $67,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

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.