Alithya Group Inc. (TSE:ALYA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Alithya Group Inc. (TSE:ALYA) have been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$1.80.

A number of equities research analysts recently weighed in on the company. Ventum dropped their price target on Alithya Group to C$2.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. ATB Cormark Capital Markets downgraded shares of Alithya Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$1.60 to C$1.35 in a report on Friday. Barrington Research lowered shares of Alithya Group from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Desjardins cut shares of Alithya Group from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.55 to C$1.15 in a research note on Friday.

Alithya Group Stock Performance

TSE ALYA traded down C$0.02 during trading on Friday, reaching C$1.08. 28,388 shares of the company’s stock were exchanged, compared to its average volume of 59,379. The business has a 50 day moving average price of C$1.06 and a 200-day moving average price of C$1.29. The stock has a market capitalization of C$104.51 million, a P/E ratio of -2.70, a PEG ratio of 2.38 and a beta of -0.71. The company has a debt-to-equity ratio of 88.81, a current ratio of 1.25 and a quick ratio of 1.32. Alithya Group has a fifty-two week low of C$0.94 and a fifty-two week high of C$2.20.

Alithya Group (TSE:ALYA) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%.The company had revenue of C$105.05 million during the quarter. Sell-side analysts forecast 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.