Aimia (TSE:AIM) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Aimia Inc. (TSE:AIM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.98 and traded as high as C$3.12. Aimia shares last traded at C$3.06, with a volume of 19,455 shares trading hands.

Analyst Ratings Changes

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

Aimia Stock Performance

The company has a 50-day simple moving average of C$2.90 and a two-hundred day simple moving average of C$2.98. The firm has a market capitalization of C$273.45 million, a P/E ratio of -306.00, a PEG ratio of -2.30 and a beta of -0.07.

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.