Twin Vee PowerCats (NASDAQ:VEEE) Posts Quarterly Earnings Results

Twin Vee PowerCats (NASDAQ:VEEE) issued its earnings results on Thursday. The company reported ($1.23) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $3.43 million during the quarter. Twin Vee PowerCats had a negative return on equity of 62.79% and a negative net margin of 94.19%.

Twin Vee PowerCats Stock Down 1.0%

Shares of VEEE stock traded down $0.02 on Friday, hitting $2.04. The company had a trading volume of 130,734 shares, compared to its average volume of 120,569. Twin Vee PowerCats has a twelve month low of $1.86 and a twelve month high of $9.30. The firm has a market cap of $4.56 million, a P/E ratio of -0.31 and a beta of 1.05. The company has a 50-day moving average price of $2.42 and a 200-day moving average price of $2.39.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Twin Vee PowerCats to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Twin Vee PowerCats presently has a consensus rating of “Sell”.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.