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

Shares of Aimia Inc. (TSE:AIM - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.63 and traded as high as C$2.63. Aimia shares last traded at C$2.61, with a volume of 22,816 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their target price on Aimia from C$4.50 to C$4.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th.

Aimia Stock Performance

The company has a 50-day simple moving average of C$2.58 and a two-hundred day simple moving average of C$2.63. 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 firm has a market cap of C$248.90 million, a PE ratio of -1.96, a PEG ratio of -2.30 and a beta of 0.95.

Aimia Company Profile

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.