Twin Vee PowerCats (NASDAQ:VEEE) Stock Bumped Up to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of Twin Vee PowerCats (NASDAQ:VEEE) from a strong sell rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Twin Vee PowerCats Trading Up 1.5%

Shares of Twin Vee PowerCats stock opened at $8.27 on Friday. The stock has a 50-day moving average price of $10.19 and a 200 day moving average price of $14.71. The company has a market cap of $4.80 million, a P/E 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.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($5.19) EPS for the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%. The business had revenue of $2.77 million for the quarter.

Hedge Funds Weigh In On Twin Vee PowerCats

A hedge fund recently bought a new position in Twin Vee PowerCats stock. Keebeck Wealth Management purchased a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the second quarter, according to its most recent disclosure with the SEC. 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. 15.57% of the stock is currently owned by institutional investors.

Twin Vee PowerCats Company Profile

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.