Westaim (CVE:WED) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

The Westaim Co. (CVE:WED - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$14.86 and traded as high as C$29.37. Westaim shares last traded at C$29.36, with a volume of 1,400 shares changing hands.

Analyst Upgrades and Downgrades

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

Westaim Stock Up 0.2 %

The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 45.25 and a beta of 0.39. The stock has a 50-day simple moving average of C$14.86 and a 200-day simple moving average of C$7.97. The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01.

Westaim (CVE:WED - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C($0.01) EPS for the quarter. Westaim had a net margin of 61.76% and a return on equity of 13.13%. As a group, analysts predict 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.