Westaim (CVE:WED) Reaches New 1-Year High – Should You Buy?

The Westaim Co. (CVE:WED)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4.98 and last traded at C$4.97, with a volume of 114050 shares traded. The stock had previously closed at C$4.93.

Westaim Price Performance

The company’s 50-day moving average price is C$4.24 and its 200-day moving average price is C$4.07. The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$626.75 million, a price-to-earnings ratio of 7.52 and a beta of 0.39.

Westaim (CVE:WED) last released its earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.04). The business had revenue of C$4.81 million for the quarter. Westaim had a return on equity of 13.13% and a net margin of 61.76%. On average, equities research analysts forecast that The Westaim Co. will post 0.093067 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.