Vision Marine Technologies (NASDAQ:VMAR) Trading Up 0.8% – Here’s Why

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s stock price traded up 0.8% during trading on Monday . The stock traded as high as $1.2465 and last traded at $1.21. 86,305 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 265,647 shares. The stock had previously closed at $1.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Vision Marine Technologies in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vision Marine Technologies presently has a consensus rating of “Sell”.

Vision Marine Technologies Trading Up 0.8%

The firm has a market capitalization of $1.19 million, a price-to-earnings ratio of 0.00 and a beta of 0.22. The business’s 50-day moving average price is $1.45 and its 200 day moving average price is $4.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.93 and a quick ratio of 2.64.

Hedge Funds Weigh In On Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. FNY Investment Advisers LLC lifted its holdings in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,179 shares of the company’s stock after acquiring an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned 4.81% of Vision Marine Technologies worth $365,000 as of its most recent filing with the SEC. 53.79% of the stock is owned by hedge funds and other institutional investors.

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.