Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $43,432.50 in 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 shares were sold at an average price of $1.25, for a total transaction of $43,432.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares 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 stock was sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Tuesday, July 7th, Financial Lp Hrt purchased 10,533 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $1.39 per share, for a total transaction of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt acquired 23,534 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $1.50 per share, with a total value 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 stock was 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 value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt purchased 8,346 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $2.00 per share, with a total value 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

VMAR opened at $1.31 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $17,030.00, a P/E ratio of -0.00 and a beta of 0.12. The stock has a 50-day moving average price of $4.23 and a 200-day moving average price of $23.01. Vision Marine Technologies Inc. has a 12-month low of $1.00 and a 12-month high of $2,680.00.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings data on Monday, July 13th. The company reported ($29.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($686.83) by $657.73. The company had revenue of $18.37 million for the quarter, compared to analysts’ expectations of $1.01 million. Vision Marine Technologies had a negative return on equity of 350.19% and a negative net margin of 39.82%.

Analyst Upgrades and Downgrades

VMAR has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vision Marine Technologies currently has a consensus rating of “Sell”.

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.