Westaim (OTCMKTS:WEDXF) Shares Gap Up – Time to Buy?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report)’s stock price gapped up before the market opened 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 traded.

Westaim Stock Performance

The firm has a market capitalization of $532.81 million, a price-to-earnings ratio of -11.34 and a beta of 0.20. The firm’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $20.87.

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

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.

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