Aimia (TSE:AIM) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Aimia Inc. (TSE:AIM) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.89 and traded as low as C$2.70. Aimia shares last traded at C$2.77, with a volume of 25,101 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities lowered Aimia from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$3.75 to C$3.00 in a research report on Tuesday, February 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$3.00.

Aimia Price Performance

The firm has a market cap of C$243.67 million, a price-to-earnings ratio of 7.18, a P/E/G ratio of -2.30 and a beta of 0.06. The company has a current ratio of 2.89, a quick ratio of 83.33 and a debt-to-equity ratio of 96.18. The company has a 50 day moving average of C$2.89 and a 200 day moving average of C$2.88.

Aimia (TSE:AIM) last issued its quarterly earnings data on Tuesday, March 24th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$118.50 million for the quarter. Aimia had a negative return on equity of 4.81% and a negative net margin of 3.21%. Equities research analysts predict that Aimia Inc. will post 0.0149339 EPS for the current fiscal year.

Insider Buying and Selling

In other Aimia news, Director Thomas (Tom) Little acquired 16,500 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of C$2.80 per share, with a total value of C$46,200.00. Following the purchase, the director owned 321,700 shares of the company’s stock, valued at C$900,760. This represents a 5.41% increase in their position. Over the last 90 days, insiders acquired 121,600 shares of company stock worth $338,624. Company insiders own 3.34% of the company’s stock.

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.