Vision Marine Technologies (NASDAQ:VMAR) Posts Quarterly Earnings Results, Beats Estimates By $22.75 EPS

Vision Marine Technologies (NASDAQ:VMAR) issued its quarterly earnings data on Monday. The company reported ($1.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($24.18) by $22.75, Zacks reports. Vision Marine Technologies had a negative net margin of 419.71% and a negative return on equity of 206.29%.

Vision Marine Technologies Trading Down 23.7 %

Shares of Vision Marine Technologies stock opened at $1.64 on Tuesday. The firm has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. Vision Marine Technologies has a fifty-two week low of $1.30 and a fifty-two week high of $136.35. The business’s fifty day moving average is $2.06 and its two-hundred day moving average is $3.36.

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.