Shares of The Westaim Co. (CVE:WED – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$3.93 and last traded at C$3.89, with a volume of 37076 shares traded. The stock had previously closed at C$3.86.
Wall Street Analyst Weigh In
Separately, Cormark decreased their price target on Westaim from C$5.20 to C$4.75 in a research note on Monday, April 1st.
Get Our Latest Research Report on WED
Westaim Trading Up 0.3 %
Westaim (CVE:WED – Get Free Report) last issued its earnings results on Wednesday, March 27th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.16). The firm had revenue of C$2.28 million during the quarter, compared to analysts’ expectations of C$78.71 million. Westaim had a return on equity of 41.75% and a net margin of 86.46%. On average, sell-side analysts forecast that The Westaim Co. will post 0.1626202 earnings per share 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.
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