Westaim (CVE:WED) Sets New 12-Month High at $3.93

The Westaim Co. (CVE:WED) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.93 and last traded at C$3.89, with a volume of 37076 shares changing hands. The stock had previously closed at C$3.86.

Wall Street Analysts Forecast Growth

Separately, Cormark lowered their price objective on Westaim from C$5.20 to C$4.75 in a research report on Monday, April 1st.

Westaim Trading Up 0.3 %

The company has a quick ratio of 27.60, a current ratio of 16.21 and a debt-to-equity ratio of 0.03. The company has a market capitalization of C$505.56 million, a P/E ratio of 2.18 and a beta of 0.38. The business has a fifty day moving average price of C$3.66 and a 200 day moving average price of C$3.70.

Westaim (CVE:WED) last released its quarterly earnings results on Wednesday, March 27th. The company reported C$0.35 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.16). Westaim had a return on equity of 41.75% and a net margin of 86.46%. The firm had revenue of C$2.28 million for the quarter, compared to analyst estimates of C$78.71 million. On average, analysts expect that The Westaim Co. will post 0.1658185 earnings per share for the current fiscal 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.