Aimia (TSE:AIM) Stock Passes Above 200 Day Moving Average – Time to Sell?

Aimia Inc. (TSE:AIM) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

Aimia Stock Performance

The company has a market capitalization of C$245.95 million, a PE ratio of -18.47, a PEG ratio of -2.30 and a beta of 0.10. The company has a quick ratio of 83.33, a current ratio of 1.96 and a debt-to-equity ratio of 47.02. The company has a 50-day moving average price of C$2.75 and a two-hundred day moving average price of C$2.84.

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

Insider Activity

In related news, Director Rhys Drennan Summerton purchased 10,000 shares of Aimia stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of C$2.71 per share, for a total transaction of C$27,100.00. Following the completion of the transaction, the director owned 546,300 shares in the company, valued at C$1,480,473. This trade represents a 1.86% increase in their ownership of the stock. Also, Director Thomas (Tom) Little purchased 99,272 shares of Aimia stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of C$2.75 per share, with a total value of C$272,998.00. Following the completion of the transaction, the director owned 450,772 shares of the company’s stock, valued at C$1,239,623. This represents a 28.24% increase in their position. Over the last three months, insiders purchased 301,872 shares of company stock worth $831,172. 3.34% of the stock is owned by corporate insiders.

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.