Aimia (TSE:AIM) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Aimia Inc. (TSE:AIM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.62 and traded as high as C$2.62. Aimia shares last traded at C$2.55, with a volume of 32,103 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their price objective on shares of Aimia from C$4.50 to C$4.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Aimia Trading Down 1.2 %

The business has a 50 day simple moving average of C$2.62 and a two-hundred day simple moving average of C$2.61. The company has a current ratio of 2.70, a quick ratio of 83.33 and a debt-to-equity ratio of 31.05. The company has a market cap of C$243.98 million, a PE ratio of -1.89, a price-to-earnings-growth ratio of -2.30 and a beta of 0.95.

Aimia (TSE:AIM) last released its earnings results on Tuesday, August 13th. The company reported C($0.10) earnings per share for the quarter, topping the consensus estimate of C($0.39) by C$0.29. Aimia had a negative return on equity of 16.59% and a negative net margin of 26.20%. The firm had revenue of C$122.40 million for the quarter. On average, analysts forecast that Aimia Inc. will post 0.0149339 EPS for the current fiscal year.

About Aimia

Aimia Inc invests in public and private companies. It operates through Bozzetto, Cortland International, and Holdings segments. The company, through its long-term investments, provides specialty chemicals, textiles, and water and dispersion chemical solutions in various applications, including textile, home and personal care, plasterboard, and agrochemical markets; manufactures synthetic fiber ropes, as well as offers netting solutions for maritime and other industrial customers; and manufactures and supplies ropes, slings, and tethers for aerospace and defense, marine, renewables, and other industrial end markets.