Twin Vee Powercats Co. (NASDAQ:VEEE) CEO Acquires $16,314.00 in Stock

Twin Vee Powercats Co. (NASDAQ:VEEE) CEO Joseph C. Visconti bought 40,785 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $0.40 per share, with a total value of $16,314.00. Following the purchase, the chief executive officer now directly owns 2,368,929 shares of the company’s stock, valued at $947,571.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Twin Vee Powercats Stock Performance

Shares of Twin Vee Powercats stock opened at $0.53 on Monday. The business has a 50-day moving average price of $0.48 and a two-hundred day moving average price of $0.71. Twin Vee Powercats Co. has a 1-year low of $0.33 and a 1-year high of $1.77. The company has a current ratio of 4.29, a quick ratio of 3.38 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.08 million, a P/E ratio of -0.65 and a beta of 1.18.

Twin Vee Powercats (NASDAQ:VEEE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. The business had revenue of $4.33 million for the quarter. Twin Vee Powercats had a negative net margin of 43.37% and a negative return on equity of 24.27%.

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.