Vision Marine Technologies (NASDAQ:VMAR) Shares Climb 0.8% – Here’s Why

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s share price traded up 0.8% on Wednesday. The company traded as high as $5.36 and last traded at $5.36. Approximately 2,578 shares changed hands during trading, a decline of 86% from the average session volume of 18,969 shares. The stock had previously closed at $5.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Vision Marine Technologies currently has a consensus rating of “Sell”.

Vision Marine Technologies Stock Performance

The firm has a market capitalization of $4,250.00, a price-to-earnings ratio of -0.00 and a beta of 0.26. The firm’s 50-day moving average price is $6.84 and its two-hundred day moving average price is $90.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.47 and a current ratio of 1.26.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc. is a Canadian marine-technology company focused on the development and commercialization of electric propulsion systems for recreational boats. The company designs integrated electric powertrains intended to provide an alternative to conventional gasoline-powered marine engines, with an emphasis on performance, reduced emissions and quieter operation. Its product portfolio includes the E-Motion electric outboard system, which combines an electric motor, battery technology, power-management controls and related software.