Westaim (OTCMKTS:WEDXF) Shares Gap Down – Here’s What Happened

Westaim Corp. (OTCMKTS:WEDXFGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $18.22, but opened at $17.05. Westaim shares last traded at $16.95, with a volume of 10,700 shares changing hands.

Westaim Stock Performance

The stock has a market capitalization of $565.82 million, a P/E ratio of -13.45 and a beta of 0.20. The business has a 50-day moving average price of $17.87 and a 200 day moving average price of $18.35.

Westaim (OTCMKTS:WEDXFGet Free Report) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.42). Westaim had a negative net margin of 77.37% and a negative return on equity of 6.15%. The company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $1.78 million.

Westaim Company Profile

(Get Free Report)

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.

See Also

Receive News & Ratings for Westaim Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westaim and related companies with MarketBeat.com's FREE daily email newsletter.