Vision Marine Technologies (NASDAQ:VMAR) Upgraded to Hold at Wall Street Zen

Vision Marine Technologies (NASDAQ:VMAR) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies has a consensus rating of “Sell”.

Vision Marine Technologies Price Performance

VMAR stock opened at $2.97 on Friday. The stock has a fifty day moving average of $8.90 and a 200-day moving average of $53.54. Vision Marine Technologies has a fifty-two week low of $2.11 and a fifty-two week high of $3,252.00. The company has a market capitalization of $29,700.00, a price-to-earnings ratio of -0.01 and a beta of 0.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($653.39) by $630.19. The business had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Insider Transactions at Vision Marine Technologies

In related news, major shareholder Financial Lp Hrt bought 234,583 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $0.29 per share, for a total transaction of $68,029.07. Following the completion of the transaction, the insider owned 202,475 shares of the company’s stock, valued at approximately $58,717.75. The trade was a -730.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 40.40% of the company’s stock.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is owned by hedge funds and other institutional investors.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.