Aimia (TSE:AIM) Shares Down 10.3% – Here’s What Happened

Aimia Inc. (TSE:AIM) shares traded down 10.3% during mid-day trading on Wednesday. The company traded as low as C$2.55 and last traded at C$2.60. 950,903 shares were traded during mid-day trading, an increase of 1,678% from the average daily volume of 53,476 shares. The stock had previously closed at C$2.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a C$3.75 target price on Aimia and gave the company a “buy” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$3.38.

Aimia Trading Down 0.8%

The company has a debt-to-equity ratio of 5.70, a quick ratio of 83.33 and a current ratio of 10.35. The business’s 50 day moving average price is C$2.63 and its 200-day moving average price is C$2.76. The firm has a market cap of C$227.37 million, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of -2.30 and a beta of 0.31.

Aimia (TSE:AIM) last posted its quarterly earnings results on Friday, November 6th. The company reported C($0.17) EPS for the quarter. The firm had revenue of C$45.60 million during the quarter. Aimia had a negative return on equity of 3.01% and a negative net margin of 4.33%. Equities analysts expect that Aimia Inc. will post 0.01 EPS for the current year.

About Aimia

Aimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia’s priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies.