Desjardins Issues Pessimistic Forecast for Alithya Group (TSE:ALYA) Stock Price

Alithya Group (TSE:ALYA) had its price target decreased by Desjardins from C$1.15 to C$1.10 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “hold” rating on the stock.

Other research analysts have also recently issued reports about the stock. Barrington Research cut shares of Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 14th. Ventum Financial cut Alithya Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$2.00 to C$1.35 in a research report on Tuesday, August 18th. ATB Cormark Capital Markets downgraded Alithya Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$1.60 to C$1.35 in a research note on Friday, August 14th. Finally, Ventum dropped their price objective on Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Alithya Group has an average rating of “Hold” and an average price target of C$1.46.

Alithya Group Price Performance

Shares of TSE ALYA remained flat at C$1.10 during mid-day trading on Thursday. The company had a trading volume of 5,200 shares, compared to its average volume of 53,973. The business’s fifty day moving average is C$1.12 and its 200 day moving average is C$1.18. Alithya Group has a 52-week low of C$0.94 and a 52-week high of C$2.10. The company has a debt-to-equity ratio of 95.41, a quick ratio of 1.32 and a current ratio of 1.45. The company has a market capitalization of C$106.44 million, a price-to-earnings ratio of -2.56, a price-to-earnings-growth ratio of 2.38 and a beta of -1.15.

Alithya Group (TSE:ALYA) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$105.05 million for the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. Analysts anticipate 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.