Vision Marine Technologies (NASDAQ:VMAR) Stock Price Down 6.6% – Here’s Why

Vision Marine Technologies Inc. (NASDAQ:VMAR) was down 6.6% during trading on Thursday . The company traded as low as $0.90 and last traded at $0.98. Approximately 1,689,273 shares traded hands during 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 Down 6.6 %

The stock’s 50 day simple moving average is $1.46 and its 200 day simple moving average is $2.34. The stock has a market capitalization of $9.59 million, a P/E ratio of -0.01 and a beta of -0.11. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Vision Marine Technologies Inc. will post -90 EPS for the current fiscal year.

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.