Twin Vee PowerCats (NASDAQ:VEEE) Posts Earnings Results

Twin Vee PowerCats (NASDAQ:VEEEGet Free Report) posted its quarterly earnings data on Thursday. The company reported ($12.93) EPS for the quarter, Zacks reports. The business had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative net margin of 58.08% and a negative return on equity of 44.68%.

Twin Vee PowerCats Stock Performance

Shares of NASDAQ:VEEE traded up $0.42 during trading on Thursday, reaching $6.43. The stock had a trading volume of 2,195,861 shares, compared to its average volume of 235,168. The business has a fifty day moving average price of $10.85 and a 200-day moving average price of $46.26. The stock has a market cap of $1.48 million, a PE ratio of -0.04 and a beta of 0.94. Twin Vee PowerCats has a 1-year low of $5.00 and a 1-year high of $344.10.

Institutional Trading of 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:VEEEFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent reporting period. 15.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Report on VEEE

Twin Vee PowerCats Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Twin Vee PowerCats (NASDAQ:VEEE)

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