Ascendiant Capital Markets Trims Vision Marine Technologies (NASDAQ:VMAR) Target Price to $2.00

Vision Marine Technologies (NASDAQ:VMAR) had its target price trimmed by Ascendiant Capital Markets from $2.50 to $2.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Vision Marine Technologies Stock Performance

Shares of VMAR opened at $0.41 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $0.53 and its 200-day moving average price is $0.64. Vision Marine Technologies has a 52 week low of $0.40 and a 52 week high of $4.83. The stock has a market cap of $5.20 million, a P/E ratio of -0.40 and a beta of 0.03.

About Vision Marine Technologies

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.