Vision Marine Technologies (NASDAQ:VMAR) Issues Quarterly Earnings Results

Vision Marine Technologies (NASDAQ:VMAR) posted its quarterly earnings results on Tuesday. The company reported ($2.32) earnings per share for the quarter, topping the consensus estimate of ($65.34) by $63.02, FiscalAI reports. Vision Marine Technologies had a negative return on equity of 293.47% and a negative net margin of 55.09%.The business had revenue of $10.65 million during the quarter, compared to the consensus estimate of $0.73 million.

Vision Marine Technologies Stock Down 7.0%

NASDAQ VMAR opened at $1.74 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.35 and a current ratio of 1.11. The company has a market capitalization of $226,200.00, a P/E ratio of 0.00 and a beta of 0.42. Vision Marine Technologies has a one year low of $1.62 and a one year high of $355.20. The stock has a 50 day moving average price of $2.35 and a 200-day moving average price of $22.85.

Wall Street Analysts Forecast Growth

VMAR has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Vision Marine Technologies in a research note on Monday, December 29th. Wall Street Zen upgraded Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.