Alithya Group (TSE:ALYA) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Alithya Group (TSE:ALYA) from a sector perform rating to an outperform rating in a report issued on Tuesday,BayStreet.CA reports. They currently have C$1.60 price objective on the stock.

Other analysts have also issued research reports about the stock. Ventum lowered their price target on shares of Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. Desjardins reduced their price objective on Alithya Group from C$1.75 to C$1.55 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Scotiabank lowered Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$2.00 to C$1.50 in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$1.93.

Alithya Group Stock Up 4.4%

Shares of TSE ALYA opened at C$1.19 on Tuesday. Alithya Group has a 12-month low of C$0.94 and a 12-month high of C$2.59. The firm’s 50-day simple moving average is C$1.08 and its 200 day simple moving average is C$1.32. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81. The company has a market cap of C$115.15 million, a price-to-earnings ratio of -2.97, a price-to-earnings-growth ratio of 2.38 and a beta of -0.68.

Alithya Group (TSE:ALYA) last posted its quarterly earnings data on Thursday, June 11th. The company reported C$0.08 earnings per share for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. The firm had revenue of C$113.78 million during the quarter. On average, research analysts expect that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

About Alithya Group

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.