Westaim (OTCMKTS:WEDXF) Posts Earnings Results, Misses Estimates By $1.05 EPS

Westaim (OTCMKTS:WEDXF) released its earnings results on Wednesday. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.05), Zacks reports. Westaim had a net margin of 284.74% and a return on equity of 7.76%. The business had revenue of $4.60 million for the quarter, compared to analysts’ expectations of $4.70 million.

Westaim Price Performance

Shares of WEDXF stock opened at $22.18 on Friday. Westaim has a one year low of $15.30 and a one year high of $25.98. The company has a market capitalization of $473.70 million, a price-to-earnings ratio of 12.75 and a beta of 0.39. The company’s fifty day moving average price is $21.79 and its 200-day moving average price is $10.97.

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.