Westaim (CVE:WED) Stock Crosses Below Fifty Day Moving Average – What’s Next?

The Westaim Co. (CVE:WEDGet Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$22.67 and traded as low as C$22.15. Westaim shares last traded at C$22.30, with a volume of 11,189 shares trading hands.

Westaim Stock Performance

The firm has a fifty day moving average of C$22.67 and a 200 day moving average of C$23.64. The company has a debt-to-equity ratio of 1.25, a current ratio of 7.06 and a quick ratio of 27.60. The stock has a market capitalization of C$740.07 million, a price-to-earnings ratio of -11.68 and a beta of -0.18.

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. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds.

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