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

Aimia Inc. (TSE:AIM)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.98 and traded as high as C$3.07. Aimia shares last traded at C$3.06, with a volume of 48,757 shares trading hands.

Wall Street Analyst Weigh In

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

Aimia Stock Up 0.3%

The firm has a market cap of C$273.45 million, a price-to-earnings ratio of -306.00, a PEG ratio of -2.30 and a beta of -0.07. The company has a 50-day moving average price of C$2.93 and a 200 day moving average price of C$2.98.

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.