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

Twin Vee Powercats Co. (NASDAQ:VEEE) CEO Joseph C. Visconti bought 40,785 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $0.40 per share, with a total value of $16,314.00. Following the acquisition, the chief executive officer now directly owns 2,368,929 shares in the company, valued at approximately $947,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Twin Vee Powercats Stock Up 18.6 %

Shares of NASDAQ:VEEE opened at $0.53 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.38 and a current ratio of 4.29. Twin Vee Powercats Co. has a 1 year low of $0.33 and a 1 year high of $1.77. The stock has a market capitalization of $5.08 million, a P/E ratio of -0.65 and a beta of 1.18. The stock has a 50-day simple moving average of $0.48 and a 200-day simple moving average of $0.71.

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

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.