Westaim (OTCMKTS:WEDXF) Shares Gap Up – Should You Buy?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.00, but opened at $19.88. Westaim shares last traded at $19.88, with a volume of 183 shares trading hands.

Westaim Stock Down 5.8%

The firm has a market capitalization of $625.88 million, a PE ratio of -11.09 and a beta of 0.22. The stock has a 50-day moving average price of $17.81 and a 200 day moving average price of $20.28.

Westaim (OTCMKTS:WEDXFGet Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The company had revenue of $14.00 million during the quarter, compared to analyst estimates of $1.62 million. Westaim had a negative net margin of 123.33% and a negative return on equity of 6.91%.

Westaim Company Profile

(Get Free Report)

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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