Westaim (CVE:WED) Price Target Cut to C$4.75 by Analysts at Cormark

Westaim (CVE:WED - Free Report) had its price objective cut by Cormark from C$5.20 to C$4.75 in a report released on Monday, BayStreet.CA reports.

Westaim Stock Performance

WED traded down C$0.08 during trading on Monday, hitting C$3.62. The stock had a trading volume of 678,544 shares, compared to its average volume of 122,846. The company has a current ratio of 16.18, a quick ratio of 27.60 and a debt-to-equity ratio of 0.03. Westaim has a 12 month low of C$2.81 and a 12 month high of C$3.92. The company has a 50 day simple moving average of C$3.62 and a 200-day simple moving average of C$3.68. The firm has a market cap of C$503.51 million, a PE ratio of 2.09 and a beta of 0.39.

Westaim (CVE:WED - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported C$0.35 EPS for the quarter, missing analysts' consensus estimates of C$0.51 by C($0.16). Westaim had a return on equity of 41.75% and a net margin of 86.46%. The business had revenue of C$2.28 million during the quarter, compared to the consensus estimate of C$78.71 million. Analysts expect that Westaim will post 0.01369 EPS 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.