Aimia (TSE:AIM) Shares Down 10.3% – Here’s What Happened

Aimia Inc. (TSE:AIM)’s stock price traded down 10.3% during trading on Wednesday. The stock traded as low as C$2.55 and last traded at C$2.60. Approximately 950,903 shares changed hands during mid-day trading, an increase of 1,678% from the average session volume of 53,476 shares. The stock had previously closed at C$2.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a C$3.75 target price on shares of Aimia and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Aimia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.38.

Aimia Price Performance

The business has a fifty day moving average of C$2.64 and a 200-day moving average of C$2.76. The company has a current ratio of 2.55, a quick ratio of 83.33 and a debt-to-equity ratio of 39.18. The firm has a market cap of C$229.14 million, a PE ratio of 9.29, a PEG ratio of -2.30 and a beta of 0.31.

Aimia (TSE:AIM) last posted its earnings results on Friday, November 6th. The company reported C($0.17) earnings per share for the quarter. The firm had revenue of C$45.60 million for the quarter. Aimia had a return on equity of 1.45% and a net margin of 1.53%. As a group, research analysts predict that Aimia Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at Aimia

In other Aimia news, Director Robert Matthew Feingold bought 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of C$2.80 per share, for a total transaction of C$28,000.00. Following the purchase, the director directly owned 160,362 shares of the company’s stock, valued at C$449,013.60. The trade was a 6.65% increase in their ownership of the stock. Corporate insiders own 3.34% of the company’s stock.

About Aimia

Aimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia’s priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies.