Westaim (OTCMKTS:WEDXF) Shares Gap Down – Should You Sell?

Westaim Corp. (OTCMKTS:WEDXF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $19.07, but opened at $18.40. Westaim shares last traded at $18.28, with a volume of 2,100 shares traded.

Westaim Trading Down 0.2%

The company has a market cap of $610.56 million, a price-to-earnings ratio of -10.82 and a beta of 0.22. The stock’s 50 day moving average price is $17.81 and its 200 day moving average price is $20.01.

Westaim (OTCMKTS:WEDXF) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The company had revenue of $14.00 million for the quarter, compared to analyst estimates of $1.62 million. Westaim had a negative return on equity of 6.91% and a negative net margin of 123.33%.

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.