Twin Vee PowerCats (NASDAQ:VEEE – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($5.19) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.77 million during the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%.
Twin Vee PowerCats Price Performance
VEEE stock traded down $0.94 on Thursday, reaching $8.15. 10,891 shares of the company traded hands, compared to its average volume of 902,753. Twin Vee PowerCats has a one year low of $4.16 and a one year high of $127.65. The company has a market cap of $4.73 million, a P/E ratio of -0.08 and a beta of 0.91. The firm has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $15.19.
Institutional Investors Weigh In On Twin Vee PowerCats
An institutional investor recently bought a new position in Twin Vee PowerCats stock. Keebeck Wealth Management purchased a new stake in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,811 shares of the company’s stock, valued at approximately $56,000. Keebeck Wealth Management owned approximately 1.90% of Twin Vee PowerCats at the end of the most recent reporting period. Institutional investors and hedge funds own 15.57% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, August 19th. Wall Street Zen cut shares of Twin Vee PowerCats from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Research Report on VEEE
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.
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