Westaim (OTCMKTS:WEDXF) Shares Down 0.9% - Here's What Happened

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.

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report)'s share price dropped 0.9% during trading on Monday . The company traded as low as $21.45 and last traded at $21.45. Approximately 317 shares traded hands 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 Stock Down 0.9%

The stock has a 50 day moving average of $22.58 and a 200 day moving average of $22.24. The company has a market capitalization of $719.69 million, a price-to-earnings ratio of -9.88 and a beta of 0.23.

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

Westaim Company Profile

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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