Westaim (CVE:WED) Reaches New 52-Week High - Here's What Happened


Westaim (CVE:WED) Reaches New 52-Week High  - Here's What Happened

Shares of The Westaim Co. (CVE:WED - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$4.82 and last traded at C$4.81, with a volume of 296991 shares changing hands. The stock had previously closed at C$4.75.

The stock has a market cap of C$615.22 million, a P/E ratio of 7.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 27.60 and a current ratio of 11.67. The firm's fifty day simple moving average is C$4.11 and its 200-day simple moving average is C$4.01.

Westaim (CVE:WED - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.14) by C($0.04). Westaim had a net margin of 61.76% and a return on equity of 13.13%. The firm had revenue of C$4.81 million during the quarter. Equities research analysts expect that The Westaim Co. will post 0.093067 EPS for the current fiscal year.

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

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