Title: Aimia Stock Price Surpasses 200-Day Moving Average of $2.89
On June 11th, 2024, Aimia Inc. (TSE:AIM) saw its stock price rise above its 200-day moving average. The stock reached a high of C$2.99, surpassing the average of C$2.89. By the end of trading, Aimia shares were valued at C$2.95, with a total of 19,784 shares exchanged.
Wall Street Analysts Predict Growth
Several brokerages have shared their insights on AIM. Jefferies Financial Group raised Aimia’s target price from C$3.25 to C$4.50, giving the company a “buy” rating. On the other hand, TD Securities lowered their target price from C$5.00 to C$4.00, also maintaining a “buy” rating.
Aimia’s Performance
The company’s fifty-day moving average price stands at C$2.56, while the 200-day moving average price remains at C$2.89. Aimia has a quick ratio of 83.33, a current ratio of 2.67, and a debt-to-equity ratio of 31.83. With a market cap of C$294.06 million, the company has a price-to-earnings ratio of -1.36 and a beta of 1.01.
Earnings Report
Aimia recently released its quarterly earnings data on May 15th. The company reported earnings per share (EPS) of C($0.09) for the quarter, surpassing the consensus estimate of C($0.55) by C$0.46. The company generated revenue of C$122.10 million during the quarter, with a negative return on equity of 26.03% and a negative net margin of 55.10%. Analysts anticipate that Aimia Inc. will post 0.0154469 EPS for the current year.
Company Overview
Aimia Inc. invests in both public and private companies and operates through various segments. The company’s investments span specialty chemicals, textiles, water and dispersion chemical solutions, synthetic fiber ropes, netting solutions, and aerospace and defense products.
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