Financial Lp Hrt Sells 5,087 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 5,087 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $1.99, for a total transaction of $10,123.13. Following the sale, the insider owned 31,559 shares in the company, valued at $62,802.41. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The stock was acquired 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 transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $2.74 per share, with a total value of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total value of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt purchased 6,872 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt acquired 2,621 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.00, for a total transaction of $14,160.00.

Vision Marine Technologies Trading Down 16.4%

VMAR traded down $0.31 during trading on Wednesday, reaching $1.58. 14,733,020 shares of the stock traded hands, compared to its average volume of 315,082. 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’s 50-day moving average is $6.41 and its 200 day moving average is $33.72. Vision Marine Technologies Inc. has a 12 month low of $1.52 and a 12 month high of $3,080.00. The stock has a market capitalization of $15,800.00, a PE ratio of -0.00 and a beta of 0.12.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $14.53 million during the quarter, compared to analyst estimates of $0.73 million.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 raised shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest holding. Sabby Management LLC owned about 19.03% of Vision Marine Technologies as of its most recent SEC filing. 53.79% of the stock is currently owned by institutional investors.

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.