Vision Marine Technologies (NASDAQ:VMAR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Vision Marine Technologies (NASDAQ:VMAR) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vision Marine Technologies in a report on Monday, December 29th. 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 Stock Performance

NASDAQ:VMAR opened at $5.40 on Friday. The company has a market cap of $702,000.00, a price-to-earnings ratio of -0.24 and a beta of 0.27. Vision Marine Technologies has a fifty-two week low of $4.54 and a fifty-two week high of $788.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.44 and a current ratio of 1.11. The stock has a fifty day moving average price of $26.11 and a 200-day moving average price of $86.64.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings results on Friday, November 28th. The company reported $7,880,344.08 EPS for the quarter, beating analysts’ consensus estimates of ($62.00) by $7,880,406.08. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%.The business had revenue of $9.68 million during the quarter, compared to the consensus estimate of $0.70 million. As a group, equities analysts anticipate that Vision Marine Technologies will post -90 EPS for the current fiscal year.

Institutional Trading of Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th biggest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is currently owned by institutional investors.

About Vision Marine Technologies

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.