Twin Vee PowerCats (NASDAQ:VEEE) Trading Up 12.7% – Here’s What Happened

Twin Vee PowerCats, Co. (NASDAQ:VEEE) shares were up 12.7% during trading on Monday . The company traded as high as $2.52 and last traded at $2.39. Approximately 156,101 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 47,201 shares. The stock had previously closed at $2.12.

Analyst Ratings Changes

A number of research analysts have recently commented on VEEE shares. Wall Street Zen upgraded Twin Vee PowerCats to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Twin Vee PowerCats Trading Up 12.7%

The business has a 50 day moving average of $2.39 and a 200-day moving average of $2.39. The stock has a market cap of $5.35 million, a PE ratio of -0.30 and a beta of 1.05.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.49) earnings per share (EPS) 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.