Westaim (OTCMKTS:WEDXF) Announces Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Westaim (OTCMKTS:WEDXF) announced its quarterly earnings results on Thursday. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19), Zacks reports. Westaim had a negative net margin of 118.02% and a negative return on equity of 5.51%. The company had revenue of $14.00 million for the quarter, compared to analysts’ expectations of $1.62 million.

Westaim Stock Performance

Shares of WEDXF traded down $0.10 during trading hours on Friday, hitting $16.90. The stock had a trading volume of 680 shares, compared to its average volume of 5,843. The firm has a 50-day moving average price of $19.44 and a 200 day moving average price of $21.28. Westaim has a fifty-two week low of $16.50 and a fifty-two week high of $25.98. The firm has a market capitalization of $567.03 million, a price-to-earnings ratio of -12.07 and a beta of 0.20.

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.