Aimia (TSE:AIM) Director Rhys Drennan Summerton Acquires 10,000 Shares of Stock

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

Aimia Stock Up 3.0%

Shares of TSE AIM opened at C$2.79 on Friday. Aimia Inc. has a 1 year low of C$2.60 and a 1 year high of C$3.44. The firm’s 50 day moving average price is C$2.74 and its 200 day moving average price is C$2.84. The firm has a market cap of C$248.58 million, a P/E ratio of -18.60, a price-to-earnings-growth ratio of -2.30 and a beta of 0.03. The company has a debt-to-equity ratio of 47.02, a quick ratio of 83.33 and a current ratio of 1.96.

Aimia (TSE:AIM) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.02 earnings per share for the quarter. The company 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%. As a group, sell-side analysts anticipate that Aimia Inc. will post 0.0149339 earnings per share for the current year.

Analysts Set New Price Targets

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

About Aimia

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.