Alithya Group (TSE:ALYA) Stock Price Expected to Rise, Ventum Financial Analyst Says

Alithya Group (TSE:ALYA) had its price target increased by research analysts at Ventum Financial from C$2.85 to C$3.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s target price would indicate a potential upside of 77.51% from the company’s previous close.

Alithya Group Stock Up 1.2%

Alithya Group stock traded up C$0.02 during mid-day trading on Tuesday, reaching C$1.69. 93,416 shares of the company were exchanged, compared to its average volume of 53,945. Alithya Group has a 12-month low of C$1.40 and a 12-month high of C$2.62. The business has a fifty day moving average of C$1.70 and a 200 day moving average of C$1.86. The firm has a market cap of C$168.48 million, a P/E ratio of -6.26, a PEG ratio of 2.38 and a beta of 0.06. The company has a debt-to-equity ratio of 68.27, a quick ratio of 1.32 and a current ratio of 1.39.

Alithya Group (TSE:ALYA) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$124.29 million during the quarter. Alithya Group had a negative return on equity of 1.88% and a negative net margin of 0.69%. Research analysts anticipate that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

Alithya Group Company Profile

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, the us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of revenue from Canada.