Twin Vee PowerCats (NASDAQ:VEEE) Shares Up 6.2% – Time to Buy?

Twin Vee PowerCats, Co. (NASDAQ:VEEEGet Free Report) shares rose 6.2% during mid-day trading on Monday . The stock traded as high as $0.4850 and last traded at $0.4780. Approximately 2,856,668 shares changed hands during trading, an increase of 341% from the average daily volume of 648,353 shares. The stock had previously closed at $0.4502.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Twin Vee PowerCats has an average rating of “Sell”.

Get Our Latest Stock Report on VEEE

Twin Vee PowerCats Trading Up 6.2%

The firm has a fifty day moving average price of $1.53 and a 200 day moving average price of $1.98. The firm has a market cap of $1.07 million, a PE ratio of -0.07 and a beta of 1.05.

Institutional Trading of Twin Vee PowerCats

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP purchased a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEEFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period. Institutional investors own 15.57% of the company’s stock.

About Twin Vee PowerCats

(Get Free Report)

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.

Further Reading

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