Westaim (CVE:WED) Hits New 52-Week High – Still a Buy?

The Westaim Co. (CVE:WED)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$4.82 and last traded at C$4.81, with a volume of 296991 shares trading hands. The stock had previously closed at C$4.75.

Westaim Price Performance

The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$621.62 million, a price-to-earnings ratio of 7.46 and a beta of 0.39. The stock has a 50-day moving average of C$4.14 and a two-hundred day moving average of C$4.03.

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