Westaim (CVE:WED) Hits New 1-Year High – What’s Next?

Shares of The Westaim Co. (CVE:WED) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$31.55 and last traded at C$31.55, with a volume of 10428 shares changing hands. The stock had previously closed at C$31.00.

Analyst Ratings Changes

Separately, Cormark raised their target price on shares of Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.

Westaim Price Performance

The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01. The company has a market capitalization of C$4.22 billion, a P/E ratio of 50.62 and a beta of 0.39. The company has a 50 day moving average price of C$18.47 and a 200 day moving average price of C$9.24.

Westaim (CVE:WED) last released its quarterly earnings data on Tuesday, November 12th. The company reported C($0.01) EPS for the quarter. Westaim had a return on equity of 13.13% and a net margin of 61.76%. On average, equities analysts predict that The Westaim Co. will post 0.093067 EPS 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.