Aimia (TSE:AIM) Director Acquires C$27,100.00 in Stock

Aimia Inc. (TSE:AIM) Director Rhys Drennan Summerton bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of C$2.71 per share, for a total transaction of C$27,100.00. Following the completion of the transaction, the director directly owned 546,300 shares in the company, valued at approximately C$1,480,473. This represents a 1.86% increase in their position.

Aimia Price Performance

Shares of TSE AIM traded up C$0.08 during mid-day trading on Thursday, hitting C$2.79. 388,807 shares of the company’s stock traded hands, compared to its average volume of 55,403. The company’s 50-day moving average is C$2.74 and its two-hundred day moving average is C$2.84. The company has a debt-to-equity ratio of 47.02, a current ratio of 1.96 and a quick ratio of 83.33. The company has a market capitalization of C$248.58 million, a P/E ratio of -18.60, a PEG ratio of -2.30 and a beta of 0.03. Aimia Inc. has a 1 year low of C$2.60 and a 1 year high of C$3.44.

Aimia (TSE:AIM) last announced its earnings results on Wednesday, May 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$32.70 million for the quarter. Aimia had a negative net margin of 3.17% and a negative return on equity of 3.98%. On average, equities analysts anticipate that Aimia Inc. will post 0.0149339 EPS for the current fiscal year.

Analysts Set New Price Targets

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