Vision Marine Technologies (NASDAQ:VMAR – Get Free Report) posted its earnings results on Tuesday. The company reported ($2.32) earnings per share for the quarter, topping the consensus estimate of ($65.34) by $63.02, FiscalAI reports. The firm had revenue of $10.65 million during the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%.
Vision Marine Technologies Stock Performance
Shares of NASDAQ VMAR traded down $0.20 during trading hours on Tuesday, reaching $1.87. The stock had a trading volume of 121,266 shares, compared to its average volume of 103,763. The firm has a market cap of $233,750.00, a price-to-earnings ratio of 0.00 and a beta of 0.42. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 2.10. Vision Marine Technologies has a fifty-two week low of $1.87 and a fifty-two week high of $355.20. The firm has a 50-day moving average of $2.41 and a 200-day moving average of $23.37.
Analyst Ratings Changes
Several equities research analysts recently weighed in on VMAR shares. Wall Street Zen upgraded Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Vision Marine Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.
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