Vision Marine Technologies (NASDAQ:VMAR) Shares Down 4%

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Vision Marine Technologies logoVision Marine Technologies Inc. (NASDAQ:VMAR – Get Rating)’s stock price fell 4% during mid-day trading on Monday . The company traded as low as $4.61 and last traded at $4.61. 8,700 shares were traded during trading, a decline of 77% from the average session volume of 38,100 shares. The stock previously closed at $4.80.

Vision Marine Technologies Price Performance

The company has a quick ratio of 3.31, a current ratio of 4.04 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average price is $4.77 and its 200 day moving average price is $5.25. The company has a market capitalization of $38.81 million, a P/E ratio of -3.57 and a beta of -0.04.

Vision Marine Technologies (NASDAQ:VMAR – Get Rating) last issued its quarterly earnings results on Wednesday, November 23rd. The company reported ($0.37) earnings per share (EPS) for the quarter. Vision Marine Technologies had a negative return on equity of 48.71% and a negative net margin of 186.31%. The company had revenue of $2.62 million for the quarter.

Institutional Investors Weigh In On Vision Marine Technologies

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A hedge fund recently bought a new stake in Vision Marine Technologies stock. UBS Group AG purchased a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Rating) in the third quarter, according to the company’s most recent disclosure with the SEC. The institutional investor purchased 4,973 shares of the company’s stock, valued at approximately $25,000. UBS Group AG owned 0.06% of Vision Marine Technologies at the end of the most recent quarter. 1.32% of the stock is owned by institutional investors.

Vision Marine Technologies Company Profile

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Vision Marine Technologies Inc designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services.

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