Twin Vee PowerCats (NASDAQ:VEEE) Stock Price Down 1.3% – What’s Next?

Twin Vee PowerCats, Co. (NASDAQ:VEEE)’s share price was down 1.3% on Tuesday . The stock traded as low as $2.32 and last traded at $2.36. Approximately 53,164 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 4,390,706 shares. The stock had previously closed at $2.39.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Twin Vee PowerCats from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th.

Twin Vee PowerCats Stock Down 1.3%

The firm’s 50-day moving average price is $2.24 and its two-hundred day moving average price is $2.64. The firm has a market capitalization of $3.52 million, a PE ratio of -0.29 and a beta of 0.97.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings data 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 company had revenue of $4.76 million for the quarter.

Twin Vee PowerCats Company Profile

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.