Financial Lp Hrt Sells 34,746 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 34,746 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $1.25, for a total transaction of $43,432.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.25, for a total value of $14,198.75.
• On Tuesday, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $1.39 per share, for a total transaction of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt acquired 23,534 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.50 per share, for a total transaction of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.10, for a total value of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total value of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.99, for a total value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt bought 876 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total value of $1,520.96.

Vision Marine Technologies Stock Down 6.4%

Shares of VMAR opened at $1.32 on Wednesday. The company has a market cap of $13,200.00, a PE ratio of -0.00 and a beta of 0.12. The business has a fifty day moving average of $4.39 and a 200 day moving average of $23.68. Vision Marine Technologies Inc. has a 52-week low of $1.00 and a 52-week high of $2,680.00. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Monday, July 13th. The company reported ($29.10) EPS for the quarter, topping the consensus estimate of ($686.83) by $657.73. Vision Marine Technologies had a negative net margin of 39.88% and a negative return on equity of 334.44%. The company had revenue of $18.37 million during the quarter, compared to analyst estimates of $1.01 million.

Analysts Set New Price Targets

Several brokerages recently commented on VMAR. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.