Westaim (CVE:WED) Stock Passes Above 50-Day Moving Average – Should You Sell?

The Westaim Co. (CVE:WED) shares crossed 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.

Wall Street Analysts Forecast Growth

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

Westaim Price Performance

The firm has a market cap of C$3.76 billion, a price-to-earnings ratio of 45.17 and a beta of 0.39. The business has a 50 day simple moving average of C$14.86 and a 200-day simple moving average of C$7.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 27.60 and a current ratio of 11.67.

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

Westaim Company Profile

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.