Twin Vee PowerCats (NASDAQ:VEEE) Posts Earnings Results

Twin Vee PowerCats (NASDAQ:VEEE) posted its quarterly earnings results on Thursday. The company reported ($5.19) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.77 million during the quarter. Twin Vee PowerCats had a negative net margin of 76.31% and a negative return on equity of 67.71%.

Twin Vee PowerCats Trading Up 1.5%

Twin Vee PowerCats stock traded up $0.12 during trading on Friday, hitting $8.27. The company had a trading volume of 10,531 shares, compared to its average volume of 45,838. The stock has a market cap of $4.80 million, a price-to-earnings ratio of -0.08 and a beta of 0.91. Twin Vee PowerCats has a 1-year low of $4.16 and a 1-year high of $127.65. The company’s 50 day simple moving average is $10.19 and its 200-day simple moving average is $14.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Twin Vee PowerCats stock. Keebeck Wealth Management bought a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned approximately 173.91% of Twin Vee PowerCats at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on VEEE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, August 19th. Wall Street Zen raised shares of Twin Vee PowerCats from a “strong sell” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Twin Vee PowerCats

Twin Vee PowerCats Co is a recreational and commercial boat manufacturer headquartered in Fort Pierce, Florida. The company designs, manufactures and sells power catamaran boats known for their stability, fuel efficiency and suitability for offshore use.

Twin Vee’s product lineup includes boats intended for saltwater fishing, cruising, family recreation and other boating activities. The company markets its vessels under the Twin Vee brand and has also expanded its portfolio through the AquaSport brand, which offers monohull fishing and family-oriented boats.

Twin Vee sells its products through a network of independent marine dealers serving customers in the United States and select international markets.