Westaim (CVE:WED) Share Price Crosses Above Fifty Day Moving Average of $3.97

The Westaim Co. (CVE:WED)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.97 and traded as high as C$4.01. Westaim shares last traded at C$4.01, with a volume of 208,382 shares changing hands.

Westaim Trading Up 0.8 %

The firm has a fifty day simple moving average of C$3.97 and a two-hundred day simple moving average of C$3.93. The stock has a market cap of C$513.96 million, a PE ratio of 6.17 and a beta of 0.39. The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01.

Westaim (CVE:WED) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share for the quarter, missing the consensus estimate of C($0.14) by C($0.04). Westaim had a net margin of 61.76% and a return on equity of 13.13%. The business had revenue of C$4.81 million during the quarter. As a group, equities analysts expect that The Westaim Co. will post 0.0940071 earnings per share for the current fiscal year.

Westaim Company Profile

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.