Aimia (TSE:AIM) Stock Price Down 10.3% – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Aimia Trading Down 10.3%

The stock has a market capitalization of C$229.14 million, a P/E ratio of 9.29, a price-to-earnings-growth ratio of -2.30 and a beta of 0.31. 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 stock’s fifty day moving average price is C$2.64 and its two-hundred day moving average price is C$2.76.

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

Insider Transactions at Aimia

In related news, Director Robert Matthew Feingold acquired 10,000 shares of Aimia stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of C$2.80 per share, with a total value of C$28,000.00. Following the completion of the purchase, the director owned 160,362 shares of the company’s stock, valued at C$449,013.60. This represents a 6.65% increase in their ownership of the stock. 3.34% of the stock is currently owned by insiders.

Aimia Company Profile

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.