Aimia (TSE:AIM) Stock Price Passes Above 200 Day Moving Average of $2.62

Aimia Inc. (TSE:AIM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.62 and traded as high as C$2.74. Aimia shares last traded at C$2.63, with a volume of 31,735 shares changing hands.

Wall Street Analysts Forecast Growth

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

Aimia Price Performance

The stock’s 50-day simple moving average is C$2.63 and its 200 day simple moving average is C$2.62. The company has a quick ratio of 83.33, a current ratio of 2.70 and a debt-to-equity ratio of 31.05. The company 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 0.96.

Aimia (TSE:AIM) last posted its earnings results 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 for the quarter. Aimia had a negative net margin of 26.20% and a negative return on equity of 16.59%. On average, equities research analysts anticipate that Aimia Inc. will post 0.0151049 EPS for the current fiscal 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.