The stock of Aimia Inc (TSE:AIM) hit a new 52-week low and has $6.71 target or 8.00% below today’s $7.29 share price. The 9 months bearish chart indicates high risk for the $1.09B company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $6.71 price target is reached, the company will be worth $87.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 36,204 shares traded hands. Aimia Inc (TSE:AIM) has declined 15.20% since March 28, 2016 and is downtrending. It has underperformed by 18.22% the S&P500.
Aimia Inc (TSE:AIM) Ratings Coverage
Out of 6 analysts covering Aimia (TSE:AIM), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. $15 is the highest target while $9 is the lowest. The $9.67 average target is 32.65% above today’s ($7.29) stock price. Aimia has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc.
More notable recent Aimia Inc (TSE:AIM) news were published by: Businesswire.com which released: “Sigma Group Acquires Aimia Inc. Enhancement Services Business Unit” on August 16, 2016, also Business.Financialpost.com with their article: “Aeroplan operator Aimia Inc expects to lay off more than 200 employees by end …” published on November 13, 2015, Business.Financialpost.com published: “Aeroplan operator Aimia Inc takes a hit from slowing Canadian economy …” on August 14, 2015. More interesting news about Aimia Inc (TSE:AIM) were released by: Stockhouse.com and their article: “/C O R R E C T I O N from Source — Aimia Inc./” published on October 25, 2016 as well as Forbes.com‘s news article titled: “Aimia (AIM) Shares Cross 10% Yield Mark” with publication date: October 07, 2016.
Aimia Inc. is a Canada-based data-driven marketing and loyalty analytics company. The company has a market cap of $1.09 billion. The Company, through its subsidiaries, operates in the regional business divisions of Canada; the United States and Asia-Pacific , and Europe, the Middle-East and Africa (EMEA). It currently has negative earnings. In Canada, it owns and operates the Aeroplan Program, a coalition loyalty program.
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