Twin Vee Powercats (NASDAQ:VEEE) Shares Up 4.9%

Twin Vee Powercats Co. (NASDAQ:VEEE) was up 4.9% during trading on Thursday . The stock traded as high as $0.98 and last traded at $0.97. Approximately 4,780 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 19,093 shares. The stock had previously closed at $0.92.

Twin Vee Powercats Stock Up 4.9 %

The business has a fifty day moving average of $1.15 and a 200 day moving average of $1.30. The stock has a market cap of $9.23 million, a price-to-earnings ratio of -1.17 and a beta of 1.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.32 and a quick ratio of 5.16.

Twin Vee Powercats (NASDAQ:VEEE) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.16) EPS for the quarter. Twin Vee Powercats had a negative net margin of 29.18% and a negative return on equity of 26.33%. The company had revenue of $8.45 million for the quarter.

Hedge Funds Weigh In On Twin Vee Powercats

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of Twin Vee Powercats in the 1st quarter worth approximately $145,000. Two Sigma Investments LP acquired a new stake in shares of Twin Vee Powercats in the third quarter valued at $93,000. Renaissance Technologies LLC bought a new stake in shares of Twin Vee Powercats during the fourth quarter valued at approximately $27,000. Susquehanna International Group LLP acquired a new stake in shares of Twin Vee Powercats in the first quarter valued at approximately $25,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Twin Vee Powercats in the second quarter valued at approximately $79,000. Institutional investors and hedge funds own 15.57% of the company’s stock.

About Twin Vee Powercats

Twin Vee PowerCats Co designs, manufactures, and markets recreational and commercial power catamaran boats. It operates through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions.