Aimia (TSE:AIM) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Aimia Inc. (TSE:AIM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.58 and traded as high as C$2.94. Aimia shares last traded at C$2.91, with a volume of 29,694 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities reissued a “buy” rating and issued a C$4.00 target price on shares of Aimia in a research note on Monday, March 31st.

Aimia Price Performance

The firm has a market cap of C$279.87 million, a P/E ratio of -3.58, a PEG ratio of -2.30 and a beta of 0.95. The stock’s 50 day moving average is C$2.70 and its two-hundred day moving average is C$2.58.

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.