Aimia (TSE:AIM) Reaches New 52-Week Low – Time to Sell?

Aimia Inc. (TSE:AIM)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$2.60 and last traded at C$2.68, with a volume of 70709 shares trading hands. The stock had previously closed at C$2.67.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Aimia from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$3.75 to C$3.00 in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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 96.18, a quick ratio of 83.33 and a current ratio of 2.89. The stock’s 50-day moving average is C$2.79 and its two-hundred day moving average is C$2.84. The stock has a market cap of C$240.35 million, a PE ratio of 7.11, a PEG ratio of -2.30 and a beta of 0.03.

Aimia (TSE:AIM) last announced its earnings results on Wednesday, May 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Aimia had a negative return on equity of 4.81% and a negative net margin of 3.21%.The company had revenue of C$32.70 million for the quarter. On average, equities analysts predict that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Insider Activity

In other news, Director Thomas (Tom) Little acquired 16,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average price of C$2.80 per share, for a total transaction of C$46,200.00. Following the acquisition, the director owned 321,700 shares of the company’s stock, valued at C$900,760. This represents a 5.41% increase in their ownership of the stock. In the last quarter, insiders acquired 121,600 shares of company stock valued at $338,624. 3.34% of the stock is currently owned by insiders.

About Aimia

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.