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

Vision Marine Technologies Inc. (NASDAQ:VMAR) shares are scheduled to reverse split on the morning of 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 %

Shares of Vision Marine Technologies stock traded down $0.05 during trading on Thursday, hitting $0.57. The company’s stock had a trading volume of 846,401 shares, compared to its average volume of 1,589,751. Vision Marine Technologies has a 52 week low of $0.55 and a 52 week high of $103.95. The company has a market capitalization of $5.57 million, a PE ratio of 0.00 and a beta of -0.03. The company has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88.

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

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.