Aimia (TSE:AIM) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Aimia Inc. (TSE:AIM)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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

Aimia Stock Performance

The company has a current ratio of 2.55, a quick ratio of 83.33 and a debt-to-equity ratio of 39.18. The firm’s 50-day moving average is C$2.64 and its two-hundred day moving average is C$2.76. The stock has a market cap of C$229.14 million, a price-to-earnings ratio of 9.29, a P/E/G ratio of -2.30 and a beta of 0.31.

Aimia (TSE:AIM) last issued its quarterly earnings results on Friday, November 6th. The company reported C($0.17) earnings per share for the quarter. Aimia had a net margin of 1.53% and a return on equity of 1.45%. The company had revenue of C$45.60 million during the quarter. As a group, sell-side analysts expect that Aimia Inc. will post 0.01 earnings per share for the current year.

Insider Activity at Aimia

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