Vision Marine Technologies (NASDAQ:VMAR) Stock Price Up 8.8% – Here’s What Happened

Vision Marine Technologies Inc. (NASDAQ:VMAR) shares shot up 8.8% on Wednesday. The company traded as high as $7.49 and last traded at $7.40. Approximately 21,447 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 24,332 shares. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Vision Marine Technologies currently has an average rating of “Sell”.

Vision Marine Technologies Trading Up 8.8%

The company has a current ratio of 1.26, a quick ratio of 0.47 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $42.80. The stock has a market capitalization of $10,000.00, a P/E ratio of -0.00 and a beta of 0.35.

About Vision Marine Technologies

Vision Marine Technologies Inc is a marine technology company focused on the development and commercialization of electric propulsion systems for recreational and commercial watercraft. The company’s products are designed to help replace traditional internal-combustion marine engines with quieter, lower-emission alternatives.

Its principal product is the E-Motion electric powertrain, which integrates an electric outboard motor with related battery, control, and power-management technologies.