Vision Marine Technologies Shares Set to Reverse Split on Monday, March 31st (NASDAQ:VMAR)

Vision Marine Technologies Inc. (NASDAQ:VMAR)’s stock is going to reverse split on Monday, March 31st. The 1-10 reverse split was announced on Thursday, March 27th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 28th.

Vision Marine Technologies Stock Down 8.2 %

VMAR stock traded down $0.05 during mid-day trading on Thursday, hitting $0.57. 846,401 shares of the company were exchanged, compared to its average volume of 1,596,110. The company has a market capitalization of $5.57 million, a PE ratio of 0.00 and a beta of -0.03. The firm has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $1.75. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Vision Marine Technologies has a twelve month low of $0.55 and a twelve month high of $103.95.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings data on Monday, January 13th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. On average, research analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

Vision Marine Technologies Company Profile

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.