Aimia (TSE:AIM) Hits New 12-Month Low – Here’s What Happened

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

Analysts Set New Price Targets

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

Aimia Trading Up 1.1%

The company has a market capitalization of C$240.35 million, a PE ratio of 7.11, a PEG ratio of -2.30 and a beta of 0.03. The company has a fifty day simple moving average of C$2.79 and a 200-day simple moving average of C$2.84. The company has a current ratio of 2.89, a quick ratio of 83.33 and a debt-to-equity ratio of 96.18.

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

Insider Activity

In other news, Director Thomas (Tom) Little purchased 16,500 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was acquired at an average price of C$2.80 per share, for a total transaction of C$46,200.00. Following the acquisition, the director directly owned 321,700 shares of the company’s stock, valued at approximately C$900,760. This represents a 5.41% increase in their ownership of the stock. In the last three months, insiders have purchased 121,600 shares of company stock worth $338,624. 3.34% of the stock is owned by company insiders.

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.