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

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

Vision Marine Technologies Trading Down 23.7 %

Shares of Vision Marine Technologies stock traded down $0.51 during midday trading on Monday, reaching $1.64. 3,766,228 shares of the company’s stock traded hands, compared to its average volume of 25,764,859. The company has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09. The stock has a 50 day moving average of $2.09 and a 200-day moving average of $3.41. Vision Marine Technologies has a 12 month low of $1.30 and a 12 month high of $136.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.50.

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.