Westaim (OTCMKTS:WEDXF) Hits New 12-Month Low – Here’s What Happened

Shares of Westaim Corp. (OTCMKTS:WEDXFGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $16.50 and last traded at $16.50, with a volume of 1000 shares trading hands. The stock had previously closed at $16.7440.

Westaim Stock Performance

The company has a 50-day moving average price of $19.61 and a 200-day moving average price of $21.37. The firm has a market capitalization 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 earnings results on Thursday, August 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.16. The firm had revenue of $10.50 million for the quarter, compared to analysts’ expectations of $1.46 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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