Westaim (CVE:WED) Hits New 1-Year High – What’s Next?

The Westaim Co. (CVE:WED)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$5.00 and last traded at C$4.99, with a volume of 44909 shares trading hands. The stock had previously closed at C$4.95.

Westaim Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60. The stock’s 50 day moving average price is C$4.34 and its two-hundred day moving average price is C$4.12. The firm has a market capitalization of C$638.29 million, a price-to-earnings ratio of 7.66 and a beta of 0.39.

Westaim (CVE:WED) last released its earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.04). The firm had revenue of C$4.81 million for the quarter. Westaim had a return on equity of 13.13% and a net margin of 61.76%. On average, equities research analysts anticipate that The Westaim Co. will post 0.093067 EPS for the current year.

Westaim Company Profile

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.