Vision Marine Technologies (NASDAQ:VMAR) Shares Set to Reverse Split on Monday, March 31st

Shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) are scheduled to reverse split before the market opens on Monday, March 31st. The 1-10 reverse split was announced on Thursday, March 27th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 28th.

Vision Marine Technologies Price Performance

VMAR stock traded down $0.05 on Thursday, reaching $0.57. The company had a trading volume of 846,401 shares, compared to its average volume of 1,596,110. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The company’s fifty day moving average is $1.03 and its 200 day moving average is $1.75. The company has a market cap of $5.57 million, a P/E ratio of 0.00 and a beta of -0.03. Vision Marine Technologies has a 1 year low of $0.55 and a 1 year high of $103.95.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts forecast that Vision Marine Technologies will post -90 earnings per share 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.