Twin Vee PowerCats (NASDAQ:VEEE) Announces Earnings Results

Twin Vee PowerCats (NASDAQ:VEEE) announced its quarterly earnings data on Thursday. The company reported ($12.93) EPS for the quarter, Zacks reports. The firm had revenue of $3.96 million for the quarter. Twin Vee PowerCats had a negative net margin of 58.08% and a negative return on equity of 44.68%.

Twin Vee PowerCats Price Performance

VEEE stock opened at $6.43 on Friday. The stock has a market capitalization of $1.48 million, a P/E ratio of -0.04 and a beta of 0.94. Twin Vee PowerCats has a 1-year low of $5.00 and a 1-year high of $344.10. The business has a fifty day moving average price of $10.85 and a 200-day moving average price of $46.26.

Institutional Investors Weigh In On Twin Vee PowerCats

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Twin Vee PowerCats presently has a consensus 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.