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

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

Westaim Stock Up 0.6 %

The business’s 50 day simple moving average is C$4.32 and its 200 day simple moving average is C$4.11. The company has a market capitalization of C$638.29 million, a PE ratio of 7.62 and a beta of 0.39. The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01.

Westaim (CVE:WED) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.04). Westaim had a return on equity of 13.13% and a net margin of 61.76%. The firm had revenue of C$4.81 million during the quarter. As a group, analysts forecast that The Westaim Co. will post 0.093067 EPS for the current year.

About Westaim

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.