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

Shares of The Westaim Co. (CVE:WED) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$14.86 and traded as high as C$29.37. Westaim shares last traded at C$29.36, with a volume of 1,400 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Cormark lifted their price objective on Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.

Westaim Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60. The company has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 45.17 and a beta of 0.39. The company’s 50-day moving average price is C$14.86 and its two-hundred day moving average price is C$7.97.

Westaim (CVE:WED) last announced its earnings results on Tuesday, November 12th. The company reported C($0.01) EPS for the quarter. Westaim had a net margin of 61.76% and a return on equity of 13.13%. On average, equities research analysts anticipate that The Westaim Co. will post 0.093067 EPS for the current fiscal year.

About Westaim

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.