Financial Lp Hrt Sells 11,359 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 11,359 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $1.25, for a total value of $14,198.75. Following the completion of the transaction, the insider directly owned 24,983 shares in the company, valued at $31,228.75. This represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $1.39 per share, with a total value of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt bought 23,534 shares of Vision Marine Technologies stock. The stock was acquired at an average cost 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 stock was 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 stock was 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 purchased 876 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.00 per share, with a total value 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 transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $2.74 per share, for a total transaction of $271.26.

Vision Marine Technologies Price Performance

Shares of VMAR opened at $1.27 on Friday. Vision Marine Technologies Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2,680.00. The firm’s 50 day moving average price is $4.82 and its 200 day moving average price is $25.73. The company has a market cap of $12,700.00, a P/E ratio of -0.00 and a beta of 0.12. 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 issued its quarterly earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, beating the consensus estimate of ($653.39) by $630.19. The company had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%.

Institutional Inflows and Outflows

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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vision Marine Technologies Company Profile

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.