AIB Data Centers (NYSEAMERICAN:AIB) Stock Moved Up to “Strong-Buy” by Freedom Capital

AIB Data Centers (NYSEAMERICAN:AIB) was upgraded by analysts at Freedom Capital to a “strong-buy” rating in a research report issued on Monday, October 19th, Zacks reports.

AIB has been the topic of several other reports. Zacks Research raised shares of AIB Data Centers to a “hold” rating in a research note on Wednesday, July 1st. Maxim Group started coverage on shares of AIB Data Centers in a research note on Tuesday, June 30th. They set a “buy” rating and a $5.00 target price on the stock. Finally, Lucid Cap Mkts raised shares of AIB Data Centers to a “strong-buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $5.00.

AIB Data Centers Stock Performance

NYSEAMERICAN AIB traded down $0.09 during mid-day trading on Monday, reaching $0.78. 462,317 shares of the stock were exchanged, compared to its average volume of 1,939,970. The business’s 50 day moving average is $1.28 and its 200-day moving average is $1.63. AIB Data Centers has a 1 year low of $0.78 and a 1 year high of $6.28.

AIB Data Centers (NYSEAMERICAN:AIB) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.92 million for the quarter. AIB Data Centers had a negative net margin of 26.53% and a negative return on equity of 15.42%. On average, research analysts predict that AIB Data Centers will post -0.50 earnings per share for the current year.

About AIB Data Centers

AIB Data Centers is a data-center infrastructure company focused on facilities designed to support artificial intelligence, high-performance computing and other data-intensive workloads.

The company’s business is centered on developing and operating data-center capacity, including the power, cooling, connectivity and physical infrastructure required by enterprise customers and technology providers. Its facilities may support services such as colocation and deployment of advanced computing hardware.

Publicly available information about AIB Data Centers’ operating history, geographic footprint, product offerings and leadership is limited.