Alithya Group (TSE:ALYA) Shares Down 11.3% – What’s Next?

Alithya Group Inc. (TSE:ALYA)’s stock price was down 11.3% during trading on Thursday . The company traded as low as C$1.05 and last traded at C$1.10. Approximately 165,871 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 59,565 shares. The stock had previously closed at C$1.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALYA shares. Desjardins lowered their price target 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. Ventum cut their price objective on Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. ATB Cormark Capital Markets upgraded Alithya Group from a “sector perform” rating to an “outperform” rating and set a C$1.60 price objective for the company in a research report on Tuesday, July 28th. Finally, Scotiabank cut Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$1.93.

Alithya Group Stock Down 11.3%

The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 88.81. The stock has a market cap of C$106.44 million, a P/E ratio of -2.75, a PEG ratio of 2.38 and a beta of -0.71. The company’s 50 day moving average price is C$1.07 and its two-hundred day moving average price is C$1.29.

Alithya Group (TSE:ALYA) last announced its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. The company had revenue of C$105.05 million during the quarter. Equities analysts forecast that Alithya Group Inc. will post 0.0400733 earnings per share for the current 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.