Aimia (TSE:AIM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Aimia Inc. (TSE:AIM)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.79 and traded as high as C$2.83. Aimia shares last traded at C$2.82, with a volume of 156,482 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group set a C$3.75 price target on shares of Aimia and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$3.38.

Aimia Trading Down 0.7%

The company has a debt-to-equity ratio of 39.18, a quick ratio of 83.33 and a current ratio of 2.55. The firm has a market cap of C$238.21 million, a price-to-earnings ratio of 9.64, a PEG ratio of -2.30 and a beta of 0.17. The business has a fifty day simple moving average of C$2.73 and a 200-day simple moving average of C$2.78.

Aimia (TSE:AIM) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$36.40 million for the quarter. Aimia had a return on equity of 1.45% and a net margin of 1.53%. As a group, equities analysts forecast that Aimia Inc. will post 0.0149339 earnings per share for the current fiscal year.

Insider Activity at Aimia

In other Aimia news, Director Robert Matthew Feingold purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of C$2.80 per share, for a total transaction of C$28,000.00. Following the transaction, the director owned 160,362 shares in the company, valued at C$449,013.60. The trade was a 6.65% increase in their position. Also, Director Rhys Drennan Summerton purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were acquired at an average cost of C$2.82 per share, with a total value of C$28,200.00. Following the purchase, the director directly owned 556,300 shares of the company’s stock, valued at approximately C$1,568,766. The trade was a 1.83% increase in their position. 3.34% of the stock is owned by company insiders.

Aimia Company Profile

Aimia Inc (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia’s priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies.