Keebeck Wealth Management Makes New $103,000 Investment in Twin Vee PowerCats, Co. $VEEE

Keebeck Wealth Management purchased a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned about 1.74% of Twin Vee PowerCats as of its most recent filing with the Securities & Exchange Commission.

Separately, Everstar Asset Management LLC acquired a new stake in Twin Vee PowerCats in the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 15.57% of the company’s stock.

Twin Vee PowerCats Stock Performance

Shares of VEEE stock opened at $12.97 on Monday. The stock’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $20.63. The firm has a market capitalization of $6.87 million, a PE ratio of -0.10 and a beta of 1.08. Twin Vee PowerCats, Co. has a fifty-two week low of $4.16 and a fifty-two week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last released its earnings results on Thursday, May 7th. The company reported ($12.93) EPS for the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.The firm had revenue of $3.96 million for the quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Twin Vee PowerCats presently has an average rating of “Sell”.

Twin Vee PowerCats Company Profile

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.