Alithya Group (TSE:ALYA) Shares Down 14.2% – Time to Sell?

Alithya Group Inc. (TSE:ALYA)’s share price dropped 14.2% on Thursday . The company traded as low as C$0.97 and last traded at C$1.03. Approximately 176,408 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 57,433 shares. The stock had previously closed at C$1.20.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Stock Down 13.3%

The firm has a market cap of C$103.68 million, a PE ratio of -4.52, a PEG ratio of 2.38 and a beta of -0.79. The business’s 50 day moving average price is C$1.34 and its 200 day moving average price is C$1.50. The company has a debt-to-equity ratio of 80.95, a current ratio of 1.34 and a quick ratio of 1.32.

Alithya Group (TSE:ALYA) last released its earnings results on Thursday, June 11th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$113.78 million during the quarter. Alithya Group had a negative net margin of 4.51% and a negative return on equity of 13.00%. On average, equities research analysts expect that Alithya Group Inc. will post 0.0400733 earnings per share for the current 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.