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

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s share price dropped 6.6% during trading on Thursday . The company 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 firm has a market capitalization of $8.41 million, a price-to-earnings ratio of -0.01 and a beta of -0.11. The company’s 50 day moving average is $1.45 and its 200-day moving average is $2.31. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Monday, January 13th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Vision Marine Technologies Inc. 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.