Aimia (TSE:AIM) Stock Price Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Aimia shares crossed above their 200-day moving average, reaching C$2.75 before closing at C$2.74, near the C$2.74 long-term average.
• Jefferies assigned Aimia a “Buy” rating with a C$3.75 price target. The broader analyst consensus is “Moderate Buy,” with a target price of C$3.38.
• Two directors recently purchased 10,000 shares each, while insiders collectively own 3.34% of the company. Aimia reported quarterly revenue of C$36.40 million and EPS of C$0.11.

Aimia Inc. (TSE:AIM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$2.74 and traded as high as C$2.75. Aimia shares last traded at C$2.74, with a volume of 8,382 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a C$3.75 price target on shares of Aimia and gave the stock 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$3.38.

Aimia Stock Performance

The company has a fifty day moving average of C$2.70 and a two-hundred day moving average of C$2.74. The stock has a market capitalization of C$242.67 million, a P/E ratio of 9.79, a price-to-earnings-growth ratio of -2.30 and a beta of 0.22. The company has a debt-to-equity ratio of 39.18, a current ratio of 2.55 and a quick ratio of 83.33.

Aimia (TSE:AIM - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$0.11 EPS for the quarter. Aimia had a return on equity of 1.45% and a net margin of 1.53%.The company had revenue of C$36.40 million for the quarter. On average, equities analysts anticipate that Aimia Inc. will post 0.0149339 EPS for the current year.

Insider Buying and Selling at Aimia

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

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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