Westaim (CVE:WED) Reaches New 12-Month High at $3.93

The Westaim Co. (CVE:WED - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$3.93 and last traded at C$3.89, with a volume of 37076 shares changing hands. The stock had previously closed at C$3.86.

Analyst Ratings Changes

Separately, Cormark cut their price target on Westaim from C$5.20 to C$4.75 in a report on Monday, April 1st.

Westaim Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 27.60 and a current ratio of 16.18. The stock's 50 day moving average price is C$3.66 and its 200-day moving average price is C$3.70. The company has a market cap of C$539.67 million, a PE ratio of 2.24 and a beta of 0.39.

Westaim (CVE:WED - Get Free Report) last issued its earnings results on Wednesday, March 27th. The company reported C$0.35 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.16). Westaim had a net margin of 86.46% and a return on equity of 41.75%. The company had revenue of C$2.28 million for the quarter, compared to analysts' expectations of C$78.71 million. On average, analysts predict that The Westaim Co. will post 0.1626202 earnings per share for the current 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.