Insider Selling: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells 34,746 Shares

Vision Marine Technologies Inc. (NASDAQ:VMARGet Free Report) major shareholder Financial Lp Hrt sold 34,746 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $1.25, for a total value of $43,432.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.25, for a total transaction of $14,198.75.
  • On Tuesday, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $1.39 per share, with a total value of $14,640.87.
  • On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.33 per share, with a total value of $5,568.71.
  • On Thursday, July 2nd, Financial Lp Hrt bought 23,534 shares of Vision Marine Technologies stock. The shares were acquired at an average price 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 shares were sold at an average price of $2.10, for a total transaction of $52,080.00.
  • On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total transaction 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 acquired 876 shares of Vision Marine Technologies stock. The shares were bought at an average price 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 stock was bought at an average cost 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 stock was sold at an average price of $2.24, for a total value of $1,520.96.

Vision Marine Technologies Trading Up 46.8%

Shares of NASDAQ VMAR traded up $0.59 during trading hours on Monday, hitting $1.86. 11,864,118 shares of the company traded hands, compared to its average volume of 361,275. The stock has a market capitalization of $24,232.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. The company’s 50 day moving average price is $4.82 and its 200 day moving average price is $25.09. Vision Marine Technologies Inc. has a 12 month low of $1.00 and a 12 month high of $2,680.00. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87.

Vision Marine Technologies (NASDAQ:VMARGet Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping the consensus estimate of ($653.39) by $630.19. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%. The company had revenue of $14.53 million during the quarter, compared to analyst estimates of $0.73 million.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a research 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, the stock has a consensus rating of “Sell”.

Get Our Latest Stock Report on Vision Marine Technologies

About Vision Marine Technologies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vision Marine Technologies (NASDAQ:VMAR)

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