Key Points
- Major shareholder Financial Lp Hrt sold 35,403 shares of Vision Marine Technologies at an average price of $0.40, totaling $14,161.20. After the sale, the insider still held 87,796 shares, and the transaction cut ownership by 28.74%.
- The insider also made recent related trades, including selling 5,569 shares on June 4 and buying 124,448 shares on June 3, showing active trading around the stock.
- Vision Marine Technologies shares were down 14.1% to $0.36, while the company continues to face a Sell consensus rating from analysts and has recently been downgraded by Weiss Ratings.
Vision Marine Technologies Inc. (NASDAQ:VMAR - Get Free Report) major shareholder Financial Lp Hrt sold 35,403 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $0.40, for a total transaction of $14,161.20. Following the transaction, the insider owned 87,796 shares in the company, valued at $35,118.40. The trade was a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Thursday, June 4th, Financial Lp Hrt sold 5,569 shares of Vision Marine Technologies stock. The stock was sold at an average price of $0.43, for a total transaction of $2,394.67.
- On Wednesday, June 3rd, Financial Lp Hrt acquired 124,448 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $0.43 per share, for a total transaction of $53,512.64.
Vision Marine Technologies Trading Down 14.1%
Shares of NASDAQ VMAR opened at $0.36 on Wednesday. The company's 50 day simple moving average is $1.17 and its 200 day simple moving average is $7.73. Vision Marine Technologies Inc. has a fifty-two week low of $0.33 and a fifty-two week high of $351.20. The firm has a market capitalization of $46,670.00, a P/E ratio of 0.00 and a beta of 0.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43.
Vision Marine Technologies (NASDAQ:VMAR - Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported ($2.32) EPS for the quarter, beating the consensus estimate of ($65.34) by $63.02. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%. The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $0.73 million.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Vision Marine Technologies from a "sell (e+)" rating to a "sell (e)" rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on Vision Marine Technologies
Institutional Trading of Vision Marine Technologies
An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 186,536 shares of the company's stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC's portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is owned by institutional investors.
Vision Marine Technologies Company Profile
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Get Free Report)
Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company's modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.
Vision Marine's product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.
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