Insider Buying: Aimia (TSE:AIM) Director Buys 10,000 Shares of Stock

Aimia Inc. (TSE:AIM) Director Rhys Drennan Summerton purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of C$2.71 per share, for a total transaction of C$27,100.00. Following the completion of the acquisition, the director owned 546,300 shares of the company’s stock, valued at approximately C$1,480,473. The trade was a 1.86% increase in their position.

Aimia Trading Up 3.0%

Shares of TSE AIM traded up C$0.08 during mid-day trading on Thursday, reaching C$2.79. The company had a trading volume of 388,807 shares, compared to its average volume of 55,403. The business’s 50-day moving average is C$2.74 and its 200-day moving average is C$2.84. The company has a current ratio of 1.96, a quick ratio of 83.33 and a debt-to-equity ratio of 47.02. The stock has a market cap of C$248.58 million, a price-to-earnings ratio of -18.60, a price-to-earnings-growth ratio of -2.30 and a beta of 0.03. Aimia Inc. has a 52 week low of C$2.60 and a 52 week high of C$3.44.

Aimia (TSE:AIM) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$32.70 million for the quarter. Aimia had a negative net margin of 3.17% and a negative return on equity of 3.98%. Equities analysts expect that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered shares of Aimia from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$3.75 to C$3.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$3.00.

Aimia Company Profile

Aimia Inc (TSX: AIM) is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. We target companies with durable economic advantages evidenced by a track record of substantial free cash flow generation over complete business cycles, strong growth prospects, and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide.