Aimia (TSE:AIM) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Aimia Inc. shares have surpassed their 200-day moving average of C$2.89, trading as high as C$3.18 during recent sessions.
• The company's current market capitalization stands at C$286.84 million, with a negative PE ratio of -39.50 and a 200-day simple moving average of C$2.89.
• Aimia focuses on making long-term investments in both private and public businesses, targeting those with substantial free cash flow and strong growth prospects.

Aimia Inc. (TSE:AIM - ) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.89 and traded as high as C$3.18. Aimia shares last traded at C$3.16, with a volume of 22,760 shares trading hands.

Aimia Stock Performance

The company has a market cap of C$286.84 million, a PE ratio of -39.50, a PEG ratio of -2.30 and a beta of -0.20. The firm has a fifty day simple moving average of C$3.17 and a 200 day simple moving average of C$2.89.

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.

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