Aimia (TSE:AIM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Aimia Inc. (TSE:AIM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.84 and traded as high as C$2.84. Aimia shares last traded at C$2.78, with a volume of 34,170 shares changing hands.

Analyst Upgrades and Downgrades

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

Aimia Price Performance

The company has a debt-to-equity ratio of 47.02, a current ratio of 1.96 and a quick ratio of 83.33. The stock’s fifty day moving average is C$2.75 and its 200-day moving average is C$2.84. The stock has a market capitalization of C$247.69 million, a P/E ratio of -18.53, a PEG ratio of -2.30 and a beta of 0.03.

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

Insider Activity at Aimia

In related news, Director Robert Matthew Feingold bought 10,000 shares of Aimia stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of C$2.67 per share, for a total transaction of C$26,700.00. Following the completion of the purchase, the director owned 150,362 shares in the company, valued at approximately C$401,466.54. This represents a 7.12% increase in their ownership of the stock. Also, Director Rhys Drennan Summerton bought 10,000 shares of Aimia stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of C$2.71 per share, with a total value of C$27,100.00. Following the purchase, the director owned 546,300 shares of the company’s stock, valued at C$1,480,473. This trade represents a 1.86% increase in their position. Over the last 90 days, insiders purchased 301,872 shares of company stock worth $831,172. 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.