Westaim (OTCMKTS:WEDXF) Stock Price Down 3.4% - Here's What Happened

Key Points

• Westaim Corp. experienced a stock price decline of 3.4%, closing at $20.00 with a trading volume increase of 151% over the average daily volume.
• The company reported earnings of ($0.01) per share, beating the consensus estimate of ($0.17), while revenue for the quarter was significantly higher than expected at $10.50 million.
• Westaim has a market capitalization of $671.20 million and a P/E ratio of -14.29, indicating a negative return on equity and net margins.

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report)'s stock price dropped 3.4% on Tuesday . The stock traded as low as $20.00 and last traded at $20.00. Approximately 9,453 shares changed hands during trading, an increase of 151% from the average daily volume of 3,773 shares. The stock had previously closed at $20.70.

Westaim Price Performance

The firm has a market capitalization of $671.20 million, a P/E ratio of -14.29 and a beta of 0.21. The firm has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $21.90.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its earnings results on Thursday, August 21st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.16. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.The business had revenue of $10.50 million during the quarter, compared to the consensus estimate of $1.46 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.

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