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

Aimia Inc. (TSE:AIM) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$2.74 and traded as high as C$2.75. Aimia shares last traded at C$2.74, with a volume of 8,382 shares trading hands.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.38.

Aimia Price Performance

The company has a debt-to-equity ratio of 39.18, a current ratio of 2.55 and a quick ratio of 83.33. The stock has a market capitalization of C$240.01 million, a P/E ratio of 9.68, a PEG ratio of -2.30 and a beta of 0.22. The stock’s fifty day moving average is C$2.70 and its 200-day moving average is C$2.74.

Aimia (TSE:AIM) last posted its earnings results on Tuesday, August 11th. The company reported C$0.11 earnings per share for the quarter. Aimia had a return on equity of 1.45% and a net margin of 1.53%.The company had revenue of C$36.40 million for the quarter. On average, equities analysts anticipate that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Insider Transactions at Aimia

In related news, Director Robert Matthew Feingold bought 10,000 shares of Aimia stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of C$2.80 per share, for a total transaction of C$28,000.00. Following the acquisition, the director owned 160,362 shares in the company, valued at C$449,013.60. This trade represents a 6.65% increase in their ownership of the stock. Also, Director Rhys Drennan Summerton bought 10,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The shares were bought at an average cost of C$2.82 per share, with a total value of C$28,200.00. Following the transaction, the director directly owned 556,300 shares of the company’s stock, valued at approximately C$1,568,766. This trade represents a 1.83% increase in their ownership of the stock. Corporate insiders own 3.34% of the company’s stock.

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.