Financial Lp Hrt Buys 124,448 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) major shareholder Financial Lp Hrt bought 124,448 shares of Vision Marine Technologies stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $0.43 per share, for a total transaction of $53,512.64. Following the acquisition, the insider owned 111,892 shares in the company, valued at approximately $48,113.56. This represents a -991.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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):

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• On Thursday, June 4th, Financial Lp Hrt sold 5,569 shares of Vision Marine Technologies stock. The shares were sold at an average price of $0.43, for a total value of $2,394.67.

Vision Marine Technologies Price Performance

Shares of VMAR traded down $0.06 during trading hours on Friday, reaching $0.36. The stock had a trading volume of 1,454,239 shares, compared to its average volume of 375,856. Vision Marine Technologies Inc. has a 12 month low of $0.35 and a 12 month high of $351.20. The stock has a market capitalization of $45,375.00, a PE ratio of 0.00 and a beta of 0.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The company’s 50-day moving average is $1.26 and its two-hundred day moving average is $8.75.

Vision Marine Technologies (NASDAQ:VMAR – Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported ($2.32) EPS for the quarter, beating analysts’ consensus estimates of ($65.34) by $63.02. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The company had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on Vision Marine Technologies

Institutional Trading of Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is owned by institutional investors and hedge funds.

Vision Marine Technologies Company Profile

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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.

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