Twin Vee PowerCats (NASDAQ:VEEE) Stock Rating Upgraded by Wall Street Zen

Twin Vee PowerCats (NASDAQ:VEEE) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Twin Vee PowerCats has an average rating of “Sell”.

Twin Vee PowerCats Stock Up 1.5%

Shares of NASDAQ VEEE opened at $8.27 on Friday. Twin Vee PowerCats has a 52 week low of $4.16 and a 52 week high of $127.65. The firm has a 50-day moving average price of $10.19 and a 200 day moving average price of $14.71. The stock has a market capitalization of $4.80 million, a price-to-earnings ratio of -0.08 and a beta of 0.91.

Twin Vee PowerCats (NASDAQ:VEEE) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($5.19) earnings per share (EPS) for the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%. The business had revenue of $2.77 million for the quarter.

Institutional Investors Weigh In On Twin Vee PowerCats

An institutional investor recently bought a new position in Twin Vee PowerCats stock. Keebeck Wealth Management acquired a new position in Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned 173.91% 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.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co is a recreational and commercial boat manufacturer headquartered in Fort Pierce, Florida. The company designs, manufactures and sells power catamaran boats known for their stability, fuel efficiency and suitability for offshore use.

Twin Vee’s product lineup includes boats intended for saltwater fishing, cruising, family recreation and other boating activities. The company markets its vessels under the Twin Vee brand and has also expanded its portfolio through the AquaSport brand, which offers monohull fishing and family-oriented boats.

Twin Vee sells its products through a network of independent marine dealers serving customers in the United States and select international markets.