Twin Vee PowerCats (NASDAQ:VEEE) Trading Down 3% – Should You Sell?

Twin Vee PowerCats, Co. (NASDAQ:VEEE)’s share price dropped 3% on Wednesday . The company traded as low as $2.61 and last traded at $2.61. Approximately 86,014 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 804,307 shares. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

VEEE has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday. Wall Street Zen raised shares of Twin Vee PowerCats from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Twin Vee PowerCats Price Performance

The business’s 50-day moving average price is $2.34 and its two-hundred day moving average price is $2.51. The company has a market capitalization of $3.88 million, a P/E ratio of -0.32 and a beta of 1.07.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.49) earnings per share for the quarter. The firm had revenue of $4.76 million for the quarter. Twin Vee PowerCats had a negative return on equity of 57.79% and a negative net margin of 96.11%.

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.