The Westaim Co. (CVE:WED – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.65 and traded as high as C$3.76. Westaim shares last traded at C$3.72, with a volume of 66,253 shares.
Analysts Set New Price Targets
Separately, Cormark lowered their price objective on shares of Westaim from C$5.20 to C$4.75 in a report on Monday, April 1st.
View Our Latest Stock Analysis on WED
Westaim Trading Down 0.8 %
Westaim (CVE:WED – Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported C$0.35 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.16). Westaim had a net margin of 86.46% and a return on equity of 41.75%. The firm had revenue of C$2.28 million for the quarter, compared to the consensus estimate of C$78.71 million. Equities research analysts forecast that The Westaim Co. will post 0.1626202 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.
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