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

Vision Marine Technologies (NASDAQ:VMAR) posted its quarterly earnings data on Monday. The company reported ($1.43) earnings per share for the quarter, beating 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 14.6 %

NASDAQ VMAR opened at $1.40 on Wednesday. The firm has a market capitalization of $1.10 million, a PE ratio of -0.01 and a beta of -0.09. The stock’s 50 day moving average is $2.02 and its 200 day moving average is $3.30. Vision Marine Technologies has a twelve month low of $1.30 and a twelve month high of $136.35. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

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.