Westaim (CVE:WED) Sets New 1-Year High at $4.21

The Westaim Co. (CVE:WED - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.21 and last traded at C$4.21, with a volume of 26194 shares. The stock had previously closed at C$4.18.

Analysts Set New Price Targets

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

Westaim Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 16.21 and a quick ratio of 27.60. The company has a market cap of C$546.83 million, a price-to-earnings ratio of 2.36 and a beta of 0.38. The firm's 50-day moving average price is C$3.73 and its 200-day moving average price is C$3.72.

Westaim (CVE:WED - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.16). The company had revenue of C$2.28 million during the quarter, compared to analyst estimates of C$78.71 million. Westaim had a net margin of 86.46% and a return on equity of 41.75%. Sell-side analysts forecast that The Westaim Co. will post 0.1658185 earnings per share 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.