Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) major shareholder Financial Lp Hrt sold 35,403 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $0.40, for a total value of $14,161.20. Following the transaction, the insider directly owned 87,796 shares of the company’s stock, valued at approximately $35,118.40. This represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Thursday, June 4th, Financial Lp Hrt sold 5,569 shares of Vision Marine Technologies stock. The stock was sold at an average price of $0.43, for a total value of $2,394.67.
- On Wednesday, June 3rd, Financial Lp Hrt acquired 124,448 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $0.43 per share, with a total value of $53,512.64.
Vision Marine Technologies Trading Down 0.5%
NASDAQ:VMAR opened at $0.35 on Friday. The stock has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $7.10. The stock has a market cap of $45,500.00, a P/E ratio of 0.00 and a beta of 0.07. Vision Marine Technologies Inc. has a 1 year low of $0.30 and a 1 year high of $336.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28.
Institutional Trading of Vision Marine Technologies
A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for about 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th biggest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies as of its most recent filing with the SEC. 53.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings cut Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vision Marine Technologies presently has a consensus rating of “Sell”.
Read Our Latest Analysis on VMAR
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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