Aimia (TSE:AIM) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Aimia shares rose above their 200-day moving average, reaching C$2.83 and last trading at C$2.82, up 1.4% with volume of 156,482 shares.
• Analyst sentiment is favorable, with Jefferies assigning a “buy” rating and a C$3.75 price target; the broader consensus is “Moderate Buy” with a C$3.38 target.
• Two directors recently purchased 10,000 shares each, while Aimia reported quarterly EPS of C$0.11 and revenue of C$36.4 million.

Aimia Inc. (TSE:AIM - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.79 and traded as high as C$2.83. Aimia shares last traded at C$2.82, with a volume of 156,482 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a C$3.75 price target on Aimia and gave the stock a "buy" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$3.38.

Aimia Stock Up 1.4%

The firm's fifty day simple moving average is C$2.73 and its 200 day simple moving average is C$2.79. 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 company has a market cap of C$248.80 million, a price-to-earnings ratio of 10.07, a PEG ratio of -2.30 and a beta of 0.17.

Aimia (TSE:AIM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$36.40 million for the quarter. Aimia had a net margin of 1.53% and a return on equity of 1.45%. Sell-side analysts predict that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Insiders Place Their Bets

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

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