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

Aimia logo with Financial Services background

Aimia Inc. (TSE:AIM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.62 and traded as high as C$2.62. Aimia shares last traded at C$2.55, with a volume of 32,103 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their target price on Aimia from C$4.50 to C$4.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th.

Check Out Our Latest Report on AIM

Aimia Stock Performance

The company has a market capitalization of C$246.93 million, a PE ratio of -1.89, a PEG ratio of -2.30 and a beta of 0.95. The company has a debt-to-equity ratio of 31.05, a quick ratio of 83.33 and a current ratio of 2.70. The company has a 50 day moving average price of C$2.62 and a 200 day moving average price of C$2.61.

Aimia (TSE:AIM - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.39) by C$0.29. The company had revenue of C$122.40 million during the quarter. Aimia had a negative return on equity of 16.59% and a negative net margin of 26.20%. Equities analysts forecast that Aimia Inc. will post 0.0149339 EPS for the current year.

Aimia Company Profile

(Get Free Report)

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.

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