Westaim (CVE:WED) Stock Passes Below Fifty Day Moving Average of $4.01

The Westaim Co. (CVE:WED) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.01 and traded as low as C$3.86. Westaim shares last traded at C$3.90, with a volume of 56,943 shares traded.

Westaim Price Performance

The stock’s 50-day moving average is C$4.00 and its 200 day moving average is C$3.88. The company has a market cap of C$502.43 million, a PE ratio of 6.03 and a beta of 0.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60.

Westaim (CVE:WED) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share 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 analysts anticipate that The Westaim Co. will post 0.0546289 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.