Westaim (OTCMKTS:WEDXF) Shares Gap Up – What’s Next?

Shares of Westaim Corp. (OTCMKTS:WEDXFGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $16.03, but opened at $17.00. Westaim shares last traded at $17.00, with a volume of 100 shares trading hands.

Westaim Stock Up 3.7%

The stock has a 50 day moving average of $18.94 and a 200 day moving average of $20.98. The firm has a market cap of $570.38 million, a price-to-earnings ratio of -12.14 and a beta of 0.20.

Westaim (OTCMKTS:WEDXFGet Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The firm had revenue of $14.00 million during the quarter, compared to the consensus estimate of $1.62 million. Westaim had a negative net margin of 118.02% and a negative return on equity of 5.51%.

Westaim Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Westaim Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westaim and related companies with MarketBeat.com's FREE daily email newsletter.