Vision Marine Technologies (NASDAQ:VMAR) Issues Quarterly Earnings Results

Vision Marine Technologies (NASDAQ:VMAR) issued its quarterly earnings results on Monday. The company reported ($1.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($24.18) by $22.75, Zacks reports. Vision Marine Technologies had a negative net margin of 419.71% and a negative return on equity of 206.29%.

Vision Marine Technologies Stock Down 23.7 %

VMAR stock traded down $0.51 during midday trading on Monday, hitting $1.64. The company’s stock had a trading volume of 3,769,808 shares, compared to its average volume of 25,766,754. The firm’s 50-day moving average is $2.09 and its 200-day moving average is $3.41. The company has a current ratio of 1.50, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. Vision Marine Technologies has a 12 month low of $1.30 and a 12 month high of $136.35. The company has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09.

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.