Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $10,123.13 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 5,087 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $1.99, for a total value of $10,123.13. Following the completion of the transaction, the insider owned 31,559 shares in the company, valued at approximately $62,802.41. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were purchased 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 shares were purchased at an average price 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.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.74 per share, for a total transaction 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 transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $2.84 per share, with a total value of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total transaction of $14,160.00.

Vision Marine Technologies Stock Performance

Shares of Vision Marine Technologies stock traded down $0.31 during trading hours on Wednesday, reaching $1.58. The company had a trading volume of 14,733,020 shares, compared to its average volume of 315,082. The firm has a market cap of $15,800.00, a PE ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a one year low of $1.52 and a one year high of $3,080.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43. The business has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $33.72.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share (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 business had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. 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. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.