Westaim (CVE:WED) Reaches New 12-Month High – Time to Buy?

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

Analyst Upgrades and Downgrades

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

Westaim Price Performance

The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of C$19.03 and a 200-day moving average of C$9.52. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 51.08 and a beta of 0.39.

Westaim (CVE:WED) last posted its quarterly 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%. Sell-side analysts predict that The Westaim Co. will post 0.093067 EPS for the current year.

About Westaim

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.