Westaim (CVE:WED) Hits New 52-Week High - Here's What Happened

The Westaim Co. (CVE:WED - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as C$5.00 and last traded at C$4.99, with a volume of 44909 shares changing hands. The stock had previously closed at C$4.95.

Westaim Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60. The stock has a market capitalization of C$638.29 million, a P/E ratio of 7.66 and a beta of 0.39. The business's 50 day moving average price is C$4.34 and its 200 day moving average price is C$4.12.

Westaim (CVE:WED - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.18) EPS for the quarter, missing the consensus estimate of C($0.14) by C($0.04). The company had revenue of C$4.81 million during the quarter. Westaim had a return on equity of 13.13% and a net margin of 61.76%. Sell-side analysts forecast that The Westaim Co. will post 0.093067 EPS for the current year.

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.