Vision Marine Technologies (NASDAQ:VMAR) Stock Price Up 8.8% – Here’s Why

Vision Marine Technologies Inc. (NASDAQ:VMAR) shares traded up 8.8% on Wednesday. The company traded as high as $7.49 and last traded at $7.40. Approximately 21,447 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 24,332 shares. The stock had previously closed at $6.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Vision Marine Technologies Trading Down 1.3%

The company has a quick ratio of 0.47, a current ratio of 1.26 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $10,000.00, a P/E ratio of -0.00 and a beta of 0.35. The firm’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $41.42.

About Vision Marine Technologies

Vision Marine Technologies Inc is a marine technology company focused on the development and commercialization of electric propulsion systems for recreational and commercial watercraft. The company’s products are designed to help replace traditional internal-combustion marine engines with quieter, lower-emission alternatives.

Its principal product is the E-Motion electric powertrain, which integrates an electric outboard motor with related battery, control, and power-management technologies.