Twin Vee PowerCats (NASDAQ:VEEE) Shares Down 1.6% – Here’s Why

Twin Vee PowerCats, Co. (NASDAQ:VEEE) shares were down 1.6% during trading on Monday . The stock traded as low as $1.8015 and last traded at $1.83. Approximately 84,490 shares changed hands during trading, a decline of 91% from the average daily volume of 971,875 shares. The stock had previously closed at $1.86.

Analysts Set New Price Targets

VEEE has been the subject of several research reports. Wall Street Zen cut Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Twin Vee PowerCats Price Performance

The company has a market cap of $4.10 million, a PE ratio of -0.27 and a beta of 1.02. The business has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $2.22.

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

Institutional Trading of Twin Vee PowerCats

An institutional investor recently bought a new position in Twin Vee PowerCats stock. Two Sigma Investments LP acquired a new position in Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 as of its most recent SEC filing. 15.57% of the stock is currently owned by institutional investors and hedge funds.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.