Twin Vee PowerCats (NASDAQ:VEEE) Raised to “Hold” at Wall Street Zen

Twin Vee PowerCats (NASDAQ:VEEE) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Twin Vee PowerCats Trading Down 9.8%

Shares of VEEE stock opened at $2.30 on Friday. Twin Vee PowerCats has a 12 month low of $1.86 and a 12 month high of $9.30. The stock has a market cap of $3.43 million, a P/E ratio of -0.29 and a beta of 1.07. The company has a 50 day simple moving average of $2.35 and a two-hundred day simple moving average of $2.48.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its earnings results on Thursday, August 7th. The company reported ($0.49) EPS for the quarter. Twin Vee PowerCats had a negative net margin of 96.11% and a negative return on equity of 57.79%. The business had revenue of $4.76 million for the quarter.

About Twin Vee PowerCats

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.