Vision Marine Technologies (NASDAQ:VMAR) Issues Quarterly Earnings Results

Vision Marine Technologies (NASDAQ:VMAR) announced its earnings results on Monday. The company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.63) by $0.77, Zacks reports. Vision Marine Technologies had a negative net margin of 156.52% and a negative return on equity of 198.37%.

Vision Marine Technologies Price Performance

VMAR traded down $0.02 during midday trading on Tuesday, reaching $0.13. 4,413,763 shares of the company’s stock were exchanged, compared to its average volume of 3,210,917. The company has a quick ratio of 0.44, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $2.34. The firm has a market capitalization of $653,030.00, a price-to-earnings ratio of 0.00 and a beta of 0.27. Vision Marine Technologies has a one year low of $0.12 and a one year high of $25.50.

Vision Marine Technologies shares are scheduled to reverse split on Wednesday, January 14th. The 1-40 reverse split was announced on Monday, January 12th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, January 13th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies presently has an average 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.