Insider Selling: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $43,432.50 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 34,746 shares of Vision Marine Technologies stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $1.25, for a total value of $43,432.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large 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 Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Tuesday, July 7th, Financial Lp Hrt bought 10,533 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.39 per share, for a total transaction of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt purchased 23,534 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $1.50 per share, with a total value of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.10, for a total transaction of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total transaction of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.98 per share, with a total value of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were bought at an average price of $2.00 per share, with a total value of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total value of $1,520.96.

Vision Marine Technologies Stock Up 46.8%

Shares of NASDAQ VMAR traded up $0.59 during mid-day trading on Monday, reaching $1.86. 11,864,118 shares of the company were exchanged, compared to its average volume of 361,275. 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 stock has a market cap of $24,232.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a 1 year low of $1.00 and a 1 year high of $2,680.00. The firm has a 50-day moving average of $4.82 and a 200 day moving average of $25.09.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($653.39) by $630.19. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The company had revenue of $14.53 million for the quarter, compared to the consensus estimate of $0.73 million.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VMAR shares. Weiss Ratings raised shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Vision Marine Technologies Company Profile

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.