Financial Lp Hrt Purchases 124,448 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt acquired 124,448 shares of Vision Marine Technologies stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $0.43 per share, with a total value of $53,512.64. Following the completion of the purchase, the insider owned 111,892 shares in the company, valued at $48,113.56. The trade was a -991.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, June 4th, Financial Lp Hrt sold 5,569 shares of Vision Marine Technologies stock. The shares were sold at an average price of $0.43, for a total value of $2,394.67.

Vision Marine Technologies Stock Down 7.7%

VMAR opened at $0.39 on Friday. The business has a 50 day moving average price of $1.23 and a two-hundred day moving average price of $8.69. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. The company has a market cap of $50,388.00, a PE ratio of 0.00 and a beta of 0.07. Vision Marine Technologies Inc. has a 52 week low of $0.35 and a 52 week high of $351.20.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($2.32) EPS for the quarter, beating the consensus estimate of ($65.34) by $63.02. The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Institutional Trading of Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC bought a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th largest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors own 53.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies presently has an average rating of “Sell”.

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.