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

Shares of Westaim Corp. (OTCMKTS:WEDXFGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $15.3580 and last traded at $15.3580, with a volume of 150 shares traded. The stock had previously closed at $15.55.

Westaim Trading Down 3.5%

The firm has a 50-day moving average of $17.04 and a 200 day moving average of $17.70. The company has a market cap of $498.90 million, a P/E ratio of -7.81 and a beta of 0.18.

Westaim (OTCMKTS:WEDXFGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.67). Westaim had a negative return on equity of 9.68% and a negative net margin of 108.56%.The business had revenue of $13.56 million during the quarter, compared to the consensus estimate of $14.70 million.

Westaim Company Profile

(Get Free Report)

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.

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