Westaim (OTCMKTS:WEDXF) Sets New 1-Year Low – What’s Next?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $17.94 and last traded at $17.94, with a volume of 490 shares changing hands. The stock had previously closed at $17.97.

Westaim Stock Performance

The stock has a 50 day moving average of $19.99 and a 200-day moving average of $21.58. The firm has a market capitalization of $603.60 million, a P/E ratio of -12.85 and a beta of 0.21.

Westaim (OTCMKTS:WEDXFGet Free Report) last announced its quarterly earnings data on Thursday, August 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.16. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.The business had revenue of $10.50 million for the quarter, compared to analysts’ expectations of $1.46 million.

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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