Financial Lp Hrt Sells 11,359 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 11,359 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75. Following the completion of the transaction, the insider owned 24,983 shares of the company’s stock, valued at approximately $31,228.75. The trade was a 31.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The shares were acquired 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 acquired at an average cost 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 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 shares were 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 purchased 876 shares of Vision Marine Technologies stock. The stock was bought at an average cost 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 stock was bought at an average price 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 shares were sold at an average price of $2.24, for a total value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The shares were bought at an average price of $2.74 per share, with a total value of $271.26.

Vision Marine Technologies Stock Down 3.1%

NASDAQ:VMAR traded down $0.04 during trading hours on Thursday, reaching $1.24. 6,691,034 shares of the company traded hands, compared to its average volume of 282,510. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $26.60. Vision Marine Technologies Inc. has a 1 year low of $1.00 and a 1 year high of $2,680.00. The stock has a market capitalization of $16,120.00, a P/E ratio of -0.00 and a beta of 0.12.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping analysts’ consensus estimates of ($653.39) by $630.19. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The firm had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th biggest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VMAR. Weiss Ratings raised 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 research report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.