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Westaim (CVE:WED) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Westaim logo with Financial Services background

Key Points

  • Westaim Co. shares dropped below their fifty-day moving average of C$29.47, trading as low as C$28.49 before closing at C$28.59 with a volume of 5,167 shares.
  • The company has a market capitalization of C$959.34 million and a negative price-to-earnings ratio of -21.66.
  • Westaim is a private equity firm that specializes in various types of investments including venture capital, buyout transactions, and joint ventures.
  • Five stocks we like better than Westaim.

The Westaim Co. (CVE:WED - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$29.47 and traded as low as C$28.49. Westaim shares last traded at C$28.59, with a volume of 5,167 shares trading hands.

Westaim Trading Up 1.8%

The stock has a market capitalization of C$972.09 million, a PE ratio of -21.94 and a beta of -0.14. The firm has a 50 day moving average of C$29.33 and a two-hundred day moving average of C$30.68.

About Westaim

(Get Free Report)

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.

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