Westaim (CVE:WED) Hits New 1-Year High – What’s Next?

The Westaim Co. (CVE:WED)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$31.55 and last traded at C$31.55, with a volume of 10428 shares changing hands. The stock had previously closed at C$31.00.

Analyst Upgrades and Downgrades

Separately, Cormark raised their price objective on shares of Westaim from C$6.00 to C$7.75 in a report on Wednesday, December 11th.

Westaim Trading Up 3.5 %

The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of C$4.22 billion, a P/E ratio of 50.62 and a beta of 0.39. The business has a fifty day moving average price of C$18.47 and a 200 day moving average price of C$9.24.

Westaim (CVE:WED) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C($0.01) EPS for the quarter. Westaim had a return on equity of 13.13% and a net margin of 61.76%. On average, analysts expect that The Westaim Co. will post 0.093067 earnings per share for the current fiscal 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.