Westaim (CVE:WED) Reaches New 12-Month High – Still a Buy?

Shares of The Westaim Co. (CVE:WED) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$5.00 and last traded at C$4.99, with a volume of 44909 shares changing hands. The stock had previously closed at C$4.95.

Westaim Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60. The stock has a market capitalization of C$638.29 million, a P/E ratio of 7.62 and a beta of 0.39. The stock’s fifty day moving average is C$4.32 and its 200-day moving average is C$4.11.

Westaim (CVE:WED) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.14) by C($0.04). Westaim had a return on equity of 13.13% and a net margin of 61.76%. The company had revenue of C$4.81 million for the quarter. On average, equities analysts anticipate that The Westaim Co. will post 0.093067 earnings per share 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.