Aimia (TSE:AIM) Share Price Passes Above 200-Day Moving Average of $2.65

Aimia Inc. (TSE:AIM)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.65 and traded as high as C$2.65. Aimia shares last traded at C$2.63, with a volume of 56,650 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their target price on Aimia from C$4.50 to C$4.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

Aimia Stock Up 0.8 %

The firm’s 50-day moving average price is C$2.63 and its 200 day moving average price is C$2.65. The company has a current ratio of 2.70, a quick ratio of 83.33 and a debt-to-equity ratio of 31.05. The company has a market capitalization of C$259.72 million, a price-to-earnings ratio of -1.98, a PEG ratio of -2.30 and a beta of 0.97.

Aimia (TSE:AIM) last posted its earnings results on Tuesday, August 13th. The company reported C($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.39) by C$0.29. The firm had revenue of C$122.40 million for the quarter. Aimia had a negative net margin of 26.20% and a negative return on equity of 16.59%. On average, sell-side analysts forecast that Aimia Inc. will post 0.0151049 EPS for the current fiscal year.

About Aimia

Aimia Inc invests in public and private companies. It operates through Bozzetto, Cortland International, and Holdings segments. The company, through its long-term investments, provides specialty chemicals, textiles, and water and dispersion chemical solutions in various applications, including textile, home and personal care, plasterboard, and agrochemical markets; manufactures synthetic fiber ropes, as well as offers netting solutions for maritime and other industrial customers; and manufactures and supplies ropes, slings, and tethers for aerospace and defense, marine, renewables, and other industrial end markets.