Vision Marine Technologies’ (VMAR) Sell (E) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e) rating on shares of Vision Marine Technologies (NASDAQ:VMAR) in a research note published on Tuesday morning,Weiss Ratings reports.

Vision Marine Technologies Stock Performance

NASDAQ:VMAR opened at $1.54 on Tuesday. The firm’s 50-day moving average is $1.76 and its 200-day moving average is $4.94. Vision Marine Technologies has a 52-week low of $1.25 and a 52-week high of $46.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 3.93. The company has a market cap of $1.51 million, a price-to-earnings ratio of -0.01 and a beta of 0.21.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vision Marine Technologies stock. FNY Investment Advisers LLC raised its stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned 4.81% of Vision Marine Technologies worth $365,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 53.79% of the company’s stock.

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.