Vision Marine Technologies (NASDAQ:VMAR) Stock Rating Upgraded by Wall Street Zen

Vision Marine Technologies (NASDAQ:VMAR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Vision Marine Technologies Stock Performance

Shares of VMAR stock opened at $5.40 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.11 and a quick ratio of 0.44. Vision Marine Technologies has a fifty-two week low of $4.54 and a fifty-two week high of $788.00. The stock’s 50-day moving average is $26.11 and its two-hundred day moving average is $85.15. The firm has a market cap of $702,000.00, a P/E ratio of -0.24 and a beta of 0.27.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings results on Friday, November 28th. The company reported $7,880,344.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($62.00) by $7,880,406.08. The business had revenue of $9.68 million during the quarter, compared to analyst estimates of $0.70 million. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%. Analysts predict that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 53.79% of the company’s stock.

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.