Aimia (TSE:AIM) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Aimia's share price fell below its 200‑day moving average, trading as low as C$2.70 and last at C$2.77 versus a 200‑day MA of C$2.89 (50‑day MA C$2.90), indicating recent technical weakness.
• TD Securities downgraded the stock from "buy" to "hold" and cut its price target to C$3.00; MarketBeat's consensus rating is "Hold" with an average target of C$3.00.
• Insiders have been net buyers—Director Tom Little bought 16,500 shares at C$2.80 and insiders acquired 121,600 shares over 90 days (insiders own 3.34%)—while the company has a market cap of C$247.2M, a PE of 7.29, negative net margin (-3.21%) and negative ROE (-4.81%).

Aimia Inc. (TSE:AIM - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.89 and traded as low as C$2.70. Aimia shares last traded at C$2.77, with a volume of 25,101 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered shares of Aimia from a "buy" rating to a "hold" rating and reduced their price target for the company from C$3.75 to C$3.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Aimia presently has a consensus rating of "Hold" and an average target price of C$3.00.

Aimia Price Performance

The business's 50-day moving average price is C$2.90 and its 200 day moving average price is C$2.89. The stock has a market capitalization of C$247.24 million, a PE ratio of 7.29, a price-to-earnings-growth ratio of -2.30 and a beta of 0.06. The company has a debt-to-equity ratio of 96.18, a quick ratio of 83.33 and a current ratio of 2.89.

Aimia (TSE:AIM - Get Free Report) last released its quarterly earnings results on Tuesday, March 24th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$118.50 million during the quarter. Aimia had a negative net margin of 3.21% and a negative return on equity of 4.81%. Research analysts forecast that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Insider Activity

In related news, Director Thomas (Tom) Little acquired 16,500 shares of the company's stock in a transaction dated Friday, March 27th. The stock was bought at an average cost of C$2.80 per share, with a total value of C$46,200.00. Following the acquisition, the director owned 321,700 shares of the company's stock, valued at approximately C$900,760. The trade was a 5.41% increase in their position. Over the last ninety days, insiders have acquired 121,600 shares of company stock worth $338,624. Insiders own 3.34% of the company's stock.

About Aimia

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.