Rhys Drennan Summerton Buys 10,000 Shares of Aimia (TSE:AIM) Stock

Aimia Inc. (TSE:AIM) Director Rhys Drennan Summerton purchased 10,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of C$2.71 per share, with a total value of C$27,100.00. Following the acquisition, the director directly owned 546,300 shares in the company, valued at C$1,480,473. This represents a 1.86% increase in their ownership of the stock.

Aimia Trading Up 3.2%

TSE AIM opened at C$2.88 on Friday. The company has a quick ratio of 83.33, a current ratio of 1.96 and a debt-to-equity ratio of 47.02. Aimia Inc. has a 52 week low of C$2.60 and a 52 week high of C$3.44. The stock has a market capitalization of C$256.60 million, a PE ratio of -19.20, a price-to-earnings-growth ratio of -2.30 and a beta of 0.03. The firm has a 50 day moving average of C$2.74 and a two-hundred day moving average of C$2.84.

Aimia (TSE:AIM) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.02 EPS for the quarter. Aimia had a negative net margin of 3.17% and a negative return on equity of 3.98%. The company had revenue of C$32.70 million during the quarter. As a group, research analysts expect that Aimia Inc. will post 0.0149339 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Aimia Company Profile

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.