Westaim (OTCMKTS:WEDXF) Trading Down 0.9% - Should You Sell?

Key Points

• Westaim Corp. shares fell 0.9% to $21.45, with trading volume plummeting by 92% compared to the average daily volume.
• The company reported a loss of ($0.34) earnings per share for the last quarter, significantly missing the consensus estimate of ($0.03).
• Westaim has a market capitalization of $719.69 million and a negative net margin of 253.76%, indicating financial challenges.

Shares of Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) were down 0.9% during mid-day trading on Monday . The company traded as low as $21.45 and last traded at $21.45. Approximately 317 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 3,749 shares. The stock had previously closed at $21.63.

Westaim Trading Up 1.7%

The stock has a market cap of $705.10 million, a price-to-earnings ratio of -9.68 and a beta of 0.23. The business's fifty day simple moving average is $22.47 and its 200 day simple moving average is $22.23.

Westaim (OTCMKTS:WEDXF - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Westaim had a negative return on equity of 9.36% and a negative net margin of 253.76%. The company had revenue of ($4.70) million during the quarter, compared to analysts' expectations of $1.34 million.

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.