Twin Vee PowerCats (NASDAQ:VEEE) Downgraded to “Sell” Rating by Wall Street Zen

Twin Vee PowerCats (NASDAQ:VEEE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Twin Vee PowerCats presently has a consensus rating of “Sell”.

Twin Vee PowerCats Stock Performance

Shares of VEEE opened at $2.36 on Friday. Twin Vee PowerCats has a one year low of $1.45 and a one year high of $9.30. The stock has a market capitalization of $5.29 million, a price-to-earnings ratio of -0.35 and a beta of 1.03. The stock has a 50 day moving average price of $2.25 and a 200 day moving average price of $2.27.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.23) earnings per share for the quarter. Twin Vee PowerCats had a negative net margin of 94.19% and a negative return on equity of 65.04%. The firm had revenue of $3.43 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP purchased a new stake in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned about 1.09% of Twin Vee PowerCats at the end of the most recent quarter. Institutional investors and hedge funds own 15.57% of the company’s stock.

About Twin Vee PowerCats

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.