Aimia (TSE:AIM) Shares Cross Above 200 Day Moving Average of $2.65

Aimia Inc. (TSE:AIM) crossed 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.

Analysts Set New Price Targets

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

Aimia Stock Down 0.8 %

The firm has a market cap of C$258.74 million, a price-to-earnings ratio of -1.98, a PEG ratio of -2.30 and a beta of 0.97. The firm has a fifty day moving average price of C$2.63 and a 200-day moving average price of C$2.65. The company has a quick ratio of 83.33, a current ratio of 2.70 and a debt-to-equity ratio of 31.05.

Aimia (TSE:AIM) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.39) by C$0.29. The company had revenue of C$122.40 million during the quarter. Aimia had a negative net margin of 26.20% and a negative return on equity of 16.59%. As a group, sell-side analysts forecast that Aimia Inc. will post 0.0151049 EPS for the current 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.