Financial Lp Hrt Sells 24,800 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $2.10, for a total value of $52,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 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 value 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 bought 876 shares of Vision Marine Technologies stock. The stock was 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 stock was purchased 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.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $2.74 per share, with a total value of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total value of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt acquired 6,872 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt bought 2,621 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt bought 234,583 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $0.29 per share, with a total value of $68,029.07.

Vision Marine Technologies Price Performance

Vision Marine Technologies stock opened at $1.44 on Friday. The company has a fifty day simple moving average of $5.91 and a 200-day simple moving average of $32.24. The firm has a market capitalization of $14,400.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. Vision Marine Technologies Inc. has a 52-week low of $1.41 and a 52-week high of $2,992.00.

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

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC bought a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VMAR. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently 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.