Westaim (CVE:WED) Reaches New 12-Month High - Should You Buy?

Shares of The Westaim Co. (CVE:WED - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$33.30 and last traded at C$33.20, with a volume of 4558 shares changing hands. The stock had previously closed at C$33.10.

Analyst Ratings Changes

Separately, Cormark raised their target price on shares of Westaim from C$6.00 to C$7.75 in a report on Wednesday, December 11th.

Westaim Stock Performance

The stock has a market capitalization of C$502.03 million, a P/E ratio of 76.88 and a beta of 0.39. The firm's fifty day simple moving average is C$21.30 and its 200 day simple moving average is C$10.31.

Westaim (CVE:WED - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Westaim had a net margin of 44.28% and a return on equity of 7.76%. Analysts anticipate that The Westaim Co. will post 0.093067 earnings per share for the current fiscal 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.