Aimia (TSE:AIM) Director Buys C$27,100.00 in Stock

Aimia Inc. (TSE:AIM) Director Rhys Drennan Summerton acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$2.71 per share, for a total transaction of C$27,100.00. Following the completion of the purchase, the director directly 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.

Aimia Stock Up 3.2%

Shares of TSE:AIM opened at C$2.88 on Friday. The company has a market capitalization of C$256.60 million, a price-to-earnings ratio of -19.20, a P/E/G ratio of -2.30 and a beta of 0.03. 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 business’s 50-day moving average is C$2.74 and its 200-day moving average is C$2.84. Aimia Inc. has a 1 year low of C$2.60 and a 1 year high of C$3.44.

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

Analysts Set New Price Targets

Separately, TD Securities downgraded Aimia from a “buy” rating to a “hold” rating and dropped their price target for the stock 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$3.00.

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.