Westaim (OTCMKTS:WEDXF) Sets New 1-Year Low – Time to Sell?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report) shares hit a new 52-week low on Monday . The company traded as low as $16.45 and last traded at $16.45, with a volume of 5100 shares trading hands. The stock had previously closed at $16.65.

Westaim Stock Performance

The business’s 50 day moving average price is $19.19 and its two-hundred day moving average price is $21.13. The stock has a market cap of $553.61 million, a P/E ratio of -11.79 and a beta of 0.20.

Westaim (OTCMKTS:WEDXFGet Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The company had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $1.62 million. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.

Westaim Company Profile

(Get Free Report)

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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