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

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

Vision Marine Technologies Trading Down 13.0%

Shares of NASDAQ:VMAR traded down $0.02 on Tuesday, hitting $0.13. 4,179,304 shares of the company’s stock were exchanged, compared to its average volume of 3,025,229. The stock has a market capitalization of $633,390.00, a price-to-earnings ratio of 0.00 and a beta of 0.27. Vision Marine Technologies has a 12 month low of $0.12 and a 12 month high of $25.50. The business’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $2.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.44.

Shares of Vision Marine Technologies are going to reverse split on the morning of 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 closing bell on Tuesday, January 13th.

Analyst Upgrades and Downgrades

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