Westaim (OTCMKTS:WEDXF) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Westaim Corp. (OTCMKTS:WEDXF – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $16.26, but opened at $15.61. Westaim shares last traded at $15.61, with a volume of 2,594 shares.

Westaim Stock Performance

The company has a 50 day moving average of $18.33 and a 200-day moving average of $20.66. The stock has a market cap of $524.75 million, a price-to-earnings ratio of -11.17 and a beta of 0.20.

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

About Westaim

(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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