Aimia (TSE:AIM) Shares Cross Above 200-Day Moving Average – Should You Sell?

Aimia Inc. (TSE:AIM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.63 and traded as high as C$2.63. Aimia shares last traded at C$2.61, with a volume of 22,816 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their price objective on shares of Aimia from C$4.50 to C$4.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Aimia Stock Performance

The stock has a 50-day moving average price of C$2.58 and a 200 day moving average price of C$2.63. The firm has a market cap of C$256.77 million, a PE ratio of -1.96, a P/E/G ratio of -2.30 and a beta of 0.95. The company has a debt-to-equity ratio of 31.05, a current ratio of 2.70 and a quick ratio of 83.33.

Aimia Company Profile

Aimia Inc invests in public and private companies. It operates through Bozzetto, Cortland International, and Holdings segments. The company, through its long-term investments, provides specialty chemicals, textiles, and water and dispersion chemical solutions in various applications, including textile, home and personal care, plasterboard, and agrochemical markets; manufactures synthetic fiber ropes, as well as offers netting solutions for maritime and other industrial customers; and manufactures and supplies ropes, slings, and tethers for aerospace and defense, marine, renewables, and other industrial end markets.