Westaim (OTCMKTS:WEDXF) Hits New 12-Month Low – Should You Sell?

Shares of Westaim Corp. (OTCMKTS:WEDXF) hit a new 52-week low on Friday . The stock traded as low as $14.04 and last traded at $14.67, with a volume of 16019 shares trading hands. The stock had previously closed at $15.98.

Westaim Stock Performance

The firm has a market capitalization of $487.92 million, a price-to-earnings ratio of -7.64 and a beta of 0.21. The stock’s fifty day moving average is $15.92 and its two-hundred day moving average is $16.98.

Westaim (OTCMKTS:WEDXF) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.67). The firm had revenue of $13.56 million during the quarter, compared to analyst estimates of $14.70 million. Westaim had a negative return on equity of 9.68% and a negative net margin of 108.56%.

Westaim Company Profile

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.