Twin Vee Powercats (NASDAQ:VEEE) Trading 12.4% Higher

Twin Vee Powercats Co. (NASDAQ:VEEE)’s share price rose 12.4% during trading on Tuesday . The stock traded as high as $0.80 and last traded at $0.73. Approximately 14,027 shares traded hands during trading, a decline of 29% from the average daily volume of 19,805 shares. The stock had previously closed at $0.65.

Twin Vee Powercats Stock Performance

The company has a market capitalization of $6.96 million, a PE ratio of -0.88 and a beta of 1.36. The firm has a 50-day moving average of $0.99 and a two-hundred day moving average of $1.23. The company has a quick ratio of 5.16, a current ratio of 6.32 and a debt-to-equity ratio of 0.08.

Twin Vee Powercats (NASDAQ:VEEE) last posted its earnings results on Tuesday, March 26th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $8.45 million during the quarter. Twin Vee Powercats had a negative net margin of 29.18% and a negative return on equity of 26.33%.

About Twin Vee Powercats

Twin Vee PowerCats Co engages in the design, manufacture, and marketing of recreational and commercial power catamaran boats. It operates in three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, such as fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing, and diving expeditions.