Vision Marine Technologies (NASDAQ:VMAR) Announces Earnings Results

Vision Marine Technologies (NASDAQ:VMAR) posted its earnings results on Tuesday. The company reported ($2.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($65.34) by $63.02, FiscalAI reports. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%.The company had revenue of $10.65 million during the quarter, compared to analyst estimates of $0.73 million.

Vision Marine Technologies Stock Performance

Shares of NASDAQ VMAR traded down $0.20 during mid-day trading on Tuesday, hitting $1.87. The stock had a trading volume of 149,273 shares, compared to its average volume of 103,910. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.35 and a current ratio of 1.11. The company has a 50 day moving average of $2.41 and a two-hundred day moving average of $23.37. Vision Marine Technologies has a twelve month low of $1.87 and a twelve month high of $355.20. The firm has a market cap of $233,750.00, a PE ratio of 0.00 and a beta of 0.42.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen upgraded Vision Marine Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vision Marine Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Vision Marine Technologies Company Profile

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.