Vision Marine Technologies (NASDAQ:VMAR) Trading Down 6.6% – What’s Next?

Vision Marine Technologies Inc. (NASDAQ:VMAR) shares dropped 6.6% during trading on Thursday . The stock traded as low as $0.90 and last traded at $0.98. Approximately 1,689,273 shares were traded during trading, a decline of 80% from the average daily volume of 8,523,197 shares. The stock had previously closed at $1.05.

Vision Marine Technologies Price Performance

The company’s fifty day moving average price is $1.45 and its 200 day moving average price is $2.31. The company has a market capitalization of $8.41 million, a P/E ratio of -0.01 and a beta of -0.11. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.05.

Vision Marine Technologies (NASDAQ:VMAR) last announced its earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. As a group, sell-side analysts forecast that Vision Marine Technologies Inc. will post -90 EPS for the current year.

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.