Vision Marine Technologies (NASDAQ:VMAR) Posts Earnings Results, Beats Expectations By $22.75 EPS

Vision Marine Technologies (NASDAQ:VMAR) announced its quarterly earnings results on Monday. The company reported ($1.43) EPS for the quarter, topping analysts’ consensus estimates of ($24.18) by $22.75, Zacks reports. Vision Marine Technologies had a negative net margin of 419.71% and a negative return on equity of 206.29%.

Vision Marine Technologies Stock Performance

VMAR traded down $0.51 during trading on Monday, hitting $1.64. The company’s stock had a trading volume of 3,766,228 shares, compared to its average volume of 25,764,859. The business’s 50 day simple moving average is $2.09 and its 200-day simple moving average is $3.41. The firm has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09. Vision Marine Technologies has a one year low of $1.30 and a one year high of $136.35. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

About Vision Marine Technologies

Vision Marine Technologies Inc designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats.