The Westaim Co. (CVE:WED – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.61 and traded as low as C$3.58. Westaim shares last traded at C$3.62, with a volume of 73,410 shares changing hands.
Analyst Ratings Changes
Separately, Cormark dropped their price target on shares of Westaim from C$5.20 to C$4.75 in a research report on Monday, April 1st.
Westaim Stock Performance
Westaim (CVE:WED – Get Free Report) last posted its earnings results on Wednesday, March 27th. The company reported C$0.35 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.16). Westaim had a return on equity of 41.75% and a net margin of 86.46%. The company had revenue of C$2.28 million during the quarter, compared to analysts’ expectations of C$78.71 million. On average, equities research analysts expect that The Westaim Co. will post 0.1626202 earnings per share for the current fiscal year.
About Westaim
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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