Westaim (OTCMKTS:WEDXF) Posts Earnings Results, Misses Estimates By $0.67 EPS

Westaim (OTCMKTS:WEDXF) issued its quarterly earnings data on Thursday. The company reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.67), Zacks reports. Westaim had a negative net margin of 108.56% and a negative return on equity of 9.48%. The company had revenue of $13.56 million during the quarter, compared to the consensus estimate of $14.70 million.

Westaim Price Performance

Shares of WEDXF stock traded up $0.07 during trading on Friday, reaching $16.84. The company had a trading volume of 432 shares, compared to its average volume of 2,518. The firm’s 50 day simple moving average is $17.42 and its two-hundred day simple moving average is $17.72. Westaim has a one year low of $15.50 and a one year high of $23.77. The company has a market capitalization of $562.22 million, a PE ratio of -8.77 and a beta of 0.18.

About Westaim

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.