Westaim (OTCMKTS:WEDXF) Stock Price Down 4.5% – Here’s What Happened

Shares of Westaim Corp. (OTCMKTS:WEDXF) were down 4.5% during trading on Tuesday . The company traded as low as $16.95 and last traded at $16.95. Approximately 3,700 shares were traded during trading, a decline of 49% from the average daily volume of 7,319 shares. The stock had previously closed at $17.75.

Westaim Stock Performance

The stock has a market capitalization of $560.12 million, a PE ratio of -13.32 and a beta of 0.21. The stock’s 50 day moving average is $17.81 and its two-hundred day moving average is $18.29.

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

Westaim Company Profile

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.