Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Acquires $53,512.64 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt purchased 124,448 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $0.43 per share, with a total value of $53,512.64. Following the completion of the purchase, the insider owned 111,892 shares of the company’s stock, valued at $48,113.56. This trade represents a -991.14% increase in their position. 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 stock 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 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 stock traded down $0.06 during trading on Friday, hitting $0.36. The company had a trading volume of 1,454,239 shares, compared to its average volume of 375,856. 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 firm has a market capitalization of $45,375.00, a P/E ratio of 0.00 and a beta of 0.07. The stock’s 50-day moving average price is $1.26 and its 200 day moving average price is $8.75. Vision Marine Technologies Inc. has a one year low of $0.35 and a one year high of $351.20.

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

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, Vision Marine Technologies currently has an average rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC bought a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent SEC filing. 53.79% of the stock is currently owned by institutional investors and hedge funds.

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.