Westaim (OTCMKTS:WEDXF) Stock Price Down 0.1% – Should You Sell?

Shares of Westaim Corp. (OTCMKTS:WEDXF) dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $16.90 and last traded at $16.99. Approximately 10,514 shares changed hands during mid-day trading, an increase of 521% from the average daily volume of 1,694 shares. The stock had previously closed at $17.00.

Westaim Price Performance

The firm has a fifty day moving average price of $17.32 and a 200-day moving average price of $17.68. The company has a market capitalization of $565.09 million, a P/E ratio of -8.85 and a beta of 0.18.

Westaim (OTCMKTS:WEDXF) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.67). Westaim had a negative net margin of 108.56% and a negative return on equity of 9.48%. The firm had revenue of $13.56 million during the quarter, compared to analysts’ expectations of $14.70 million.

About Westaim

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.