Westaim (OTCMKTS:WEDXF) Reaches New 1-Year Low – Time to Sell?

Shares of Westaim Corp. (OTCMKTS:WEDXF) hit a new 52-week low on Friday . The company traded as low as $14.04 and last traded at $14.67, with a volume of 16019 shares changing hands. The stock had previously closed at $15.98.

Westaim Trading Down 8.2%

The stock has a market capitalization of $487.92 million, a price-to-earnings ratio of -7.64 and a beta of 0.21. The company has a fifty day moving average of $15.92 and a two-hundred day moving average of $16.98.

Westaim (OTCMKTS:WEDXF) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.67). Westaim had a negative net margin of 108.56% and a negative return on equity of 9.68%. The company had revenue of $13.56 million for the quarter, compared to analyst estimates of $14.70 million.

About Westaim

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.