Twin Vee PowerCats, Co. (NASDAQ:VEEE – Get Free Report) major shareholder Financial Lp Hrt sold 49,505 shares of the company’s stock in a transaction that occurred 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 directly owned 5,523 shares of the company’s stock, valued at approximately $100,076.76. This trade represents a 89.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Twin Vee PowerCats Trading Down 7.0%
Shares of VEEE stock opened at $11.70 on Friday. The stock has a 50 day moving average of $10.77 and a two-hundred day moving average of $18.93. Twin Vee PowerCats, Co. has a 12 month low of $4.16 and a 12 month high of $128.02. The company has a market capitalization of $6.20 million, a P/E ratio of -0.09 and a beta of 1.08.
Twin Vee PowerCats (NASDAQ:VEEE – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The firm had revenue of $3.96 million for the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.
Hedge Funds Weigh In On Twin Vee PowerCats
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on VEEE shares. Weiss Ratings raised shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Analysis on VEEE
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.
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