Vision Marine Technologies (NASDAQ:VMAR) Trading Down 15.6% – What’s Next?

Vision Marine Technologies Inc. (NASDAQ:VMAR) shares fell 15.6% on Monday . The stock traded as low as $0.3713 and last traded at $0.3801. 1,156,636 shares traded hands during trading, an increase of 139% from the average session volume of 483,166 shares. The stock had previously closed at $0.4501.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Vision Marine Technologies in a report on Monday, December 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vision Marine Technologies presently has an average rating of “Sell”.

Vision Marine Technologies Stock Performance

The stock has a market capitalization of $1.87 million, a P/E ratio of 0.00 and a beta of 0.23. The stock has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $3.39. The company has a quick ratio of 0.44, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Friday, November 28th. The company reported $197,008.60 earnings per share for the quarter, beating the consensus estimate of ($1.55) by $197,010.15. The business had revenue of $9.69 million during the quarter, compared to analysts’ expectations of $0.70 million. Vision Marine Technologies had a negative net margin of 156.52% and a negative return on equity of 198.37%. On average, equities analysts forecast that Vision Marine Technologies Inc. will post -90 EPS for the current fiscal year.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently raised its position in Vision Marine Technologies stock. FNY Investment Advisers LLC boosted its position in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the period. FNY Investment Advisers LLC owned about 4.81% of Vision Marine Technologies worth $365,000 as of its most recent filing with the SEC. 53.79% of the stock is currently owned by institutional investors and hedge funds.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats.