Aimia (TSE:AIM) Hits New 1-Year Low – Here’s What Happened

Aimia Inc. (TSE:AIM)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.60 and last traded at C$2.68, with a volume of 70709 shares. The stock had previously closed at C$2.67.

Analyst Upgrades and Downgrades

Separately, TD Securities cut shares of Aimia from a “buy” rating to a “hold” rating and cut their target price for the stock from C$3.75 to C$3.00 in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$3.00.

Aimia Trading Down 0.4%

The firm has a market cap of C$238.85 million, a P/E ratio of 7.08, a PEG ratio of -2.30 and a beta of 0.03. The firm’s fifty day moving average is C$2.78 and its two-hundred day moving average is C$2.84. The company has a quick ratio of 83.33, a current ratio of 2.89 and a debt-to-equity ratio of 96.18.

Aimia (TSE:AIM) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$32.70 million for the quarter. Aimia had a negative net margin of 3.21% and a negative return on equity of 4.81%. Analysts predict that Aimia Inc. will post 0.0149339 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Thomas (Tom) Little purchased 16,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of C$2.80 per share, for a total transaction of C$46,200.00. Following the completion of the acquisition, the director directly owned 321,700 shares in the company, valued at approximately C$900,760. The trade was a 5.41% increase in their position. Insiders have acquired a total of 121,600 shares of company stock valued at $338,624 in the last quarter. Insiders own 3.34% of the company’s stock.

About Aimia

Aimia Inc (TSX: AIM) is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. We target companies with durable economic advantages evidenced by a track record of substantial free cash flow generation over complete business cycles, strong growth prospects, and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide.