Westaim (OTCMKTS:WEDXF) Shares Up 4.1% - Should You Buy?

The Westaim Co. (OTCMKTS:WEDXF - Get Free Report) shares were up 4.1% during mid-day trading on Wednesday . The stock traded as high as $23.75 and last traded at $23.75. Approximately 977 shares changed hands during trading, a decline of 88% from the average daily volume of 8,425 shares. The stock had previously closed at $22.81.

Westaim Price Performance

The firm's 50-day moving average is $21.99 and its 200 day moving average is $15.54. The stock has a market cap of $506.07 million, a price-to-earnings ratio of 13.62 and a beta of 0.24.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported ($0.99) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($1.05). The firm had revenue of $4.60 million for the quarter, compared to analyst estimates of $4.70 million. Westaim had a return on equity of 7.76% and a net margin of 284.74%.

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.