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

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s stock is going to reverse split on the morning of 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 closing bell on Friday, March 28th.

Vision Marine Technologies Stock Down 8.2 %

VMAR traded down $0.05 during midday trading on Thursday, reaching $0.57. The company’s stock had a trading volume of 846,401 shares, compared to its average volume of 1,589,749. Vision Marine Technologies has a 1 year low of $0.55 and a 1 year high of $103.95. The stock’s 50-day moving average is $1.03 and its 200-day moving average is $1.75. The firm has a market capitalization of $5.57 million, a price-to-earnings ratio of 0.00 and a beta of -0.03. 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 quarterly earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping analysts’ consensus estimates of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. As a group, research analysts expect that Vision Marine Technologies will post -90 EPS for the current year.

Vision Marine Technologies Company Profile

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.