Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Sells 34,746 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 34,746 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $1.25, for a total transaction of $43,432.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Tuesday, July 7th, Financial Lp Hrt bought 10,533 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.39 per share, with a total value of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt purchased 4,187 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt purchased 23,534 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $1.50 per share, for a total transaction of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.10, for a total transaction of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total transaction of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.98 per share, with a total value of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total value of $1,520.96.

Vision Marine Technologies Price Performance

NASDAQ VMAR opened at $1.41 on Tuesday. The business’s fifty day moving average is $4.58 and its 200 day moving average is $24.35. Vision Marine Technologies Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2,680.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The company has a market capitalization of $14,100.00, a PE ratio of -0.00 and a beta of 0.12.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Tuesday, July 14th. The company reported ($29.10) EPS for the quarter, topping analysts’ consensus estimates of ($686.83) by $657.73. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.