Westaim (OTCMKTS:WEDXF) Issues Quarterly Earnings Results

by · The Cerbat Gem

Westaim (OTCMKTS:WEDXF – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.67), Zacks reports. Westaim had a negative return on equity of 6.05% and a negative net margin of 77.37%.

Westaim Trading Up 0.2%

OTCMKTS:WEDXF traded up $0.03 during mid-day trading on Thursday, hitting $16.77. The stock had a trading volume of 204 shares, compared to its average volume of 2,513. The stock has a market capitalization of $559.82 million, a price-to-earnings ratio of -13.31 and a beta of 0.18. The company has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $17.73. Westaim has a 52 week low of $15.50 and a 52 week high of $23.77.

Westaim Company Profile

(Get Free Report)

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.

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