Westaim (OTCMKTS:WEDXF) Sets New 52-Week Low – Here’s Why

Westaim Corp. (OTCMKTS:WEDXF)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $15.3580 and last traded at $15.3580, with a volume of 150 shares. The stock had previously closed at $15.55.

Westaim Stock Down 0.4%

The stock has a 50-day moving average of $16.93 and a 200 day moving average of $17.65. The stock has a market cap of $502.23 million, a PE ratio of -7.86 and a beta of 0.18.

Westaim (OTCMKTS:WEDXF) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.67). Westaim had a negative return on equity of 9.68% and a negative net margin of 108.56%.The business had revenue of $13.56 million during the quarter, compared to analyst estimates of $14.70 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.