Alithya Group (TSE:ALYA) Downgraded by Desjardins to Hold

Alithya Group (TSE:ALYA) was downgraded by stock analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Friday,BayStreet.CA reports. They currently have a C$1.15 price objective on the stock, down from their prior price objective of C$1.55. Desjardins’ target price points to a potential upside of 8.49% from the stock’s current price.

ALYA has been the subject of several other research reports. Scotiabank downgraded Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$2.00 to C$1.50 in a research note on Friday, April 24th. Barrington Research lowered Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday. Ventum decreased their target price on Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, ATB Cormark Capital Markets downgraded Alithya Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$1.60 to C$1.35 in a report on Friday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alithya Group presently has an average rating of “Hold” and an average target price of C$1.80.

Alithya Group Stock Down 3.6%

Shares of ALYA traded down C$0.04 during mid-day trading on Friday, hitting C$1.06. 20,288 shares of the company’s stock were exchanged, compared to its average volume of 59,354. The stock has a market cap of C$102.57 million, a price-to-earnings ratio of -2.65, a P/E/G ratio of 2.38 and a beta of -0.71. The firm has a fifty day moving average of C$1.06 and a two-hundred day moving average of C$1.29. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20.

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