Vision Marine Technologies (NASDAQ:VMAR) Stock Price Down 6.6% – What’s Next?

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s stock price was down 6.6% during trading on Thursday . The stock traded as low as $0.90 and last traded at $0.98. Approximately 1,689,273 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 8,523,197 shares. The stock had previously closed at $1.05.

Vision Marine Technologies Stock Performance

The stock has a 50 day simple moving average of $1.46 and a 200 day simple moving average of $2.34. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.05. The company has a market cap of $9.59 million, a price-to-earnings ratio of -0.01 and a beta of -0.11.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. As a group, analysts predict that Vision Marine Technologies Inc. will post -90 EPS for the current year.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats.