Aimia (TSE:AIM) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Aimia Inc. (TSE:AIM) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$2.76 and traded as high as C$2.90. Aimia shares last traded at C$2.90, with a volume of 218,673 shares.

Analysts Set New Price Targets

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

Aimia Stock Performance

The company has a quick ratio of 83.33, a current ratio of 2.55 and a debt-to-equity ratio of 39.18. The firm has a 50-day moving average of C$2.64 and a 200 day moving average of C$2.76. The stock has a market capitalization of C$255.57 million, a P/E ratio of 10.36, a PEG ratio of -2.30 and a beta of 0.31.

Aimia (TSE:AIM) last issued its earnings results on Friday, November 6th. The company reported C($0.17) earnings per share for the quarter. The business had revenue of C$45.60 million for the quarter. Aimia had a net margin of 1.53% and a return on equity of 1.45%. Research analysts anticipate that Aimia Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Aimia news, Director Robert Matthew Feingold purchased 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of C$2.80 per share, for a total transaction of C$28,000.00. Following the completion of the purchase, the director directly owned 160,362 shares in the company, valued at approximately C$449,013.60. This trade represents a 6.65% increase in their ownership of the stock. 3.34% of the stock is currently owned by corporate insiders.

About Aimia

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.