Alithya Group (TSE:ALYA) Cut to “Neutral” at Ventum Financial

Ventum Financial cut shares of Alithya Group (TSE:ALYA) from a buy rating to a neutral rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have C$1.35 price target on the stock, down from their previous price target of C$2.00.

Several other brokerages have also recently commented on ALYA. Barrington Research cut shares of Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 14th. Ventum dropped 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 downgraded Alithya Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$1.60 to C$1.35 in a research report on Friday, August 14th. Desjardins lowered Alithya Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$1.55 to C$1.15 in a report on Friday, August 14th. Finally, Scotiabank cut 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 report on Friday, April 24th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Alithya Group has an average rating of “Hold” and an average price target of C$1.47.

Alithya Group Stock Performance

ALYA stock opened at C$1.08 on Tuesday. 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’s 50-day simple moving average is C$1.06 and its 200 day simple moving average is C$1.27. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$2.20. The company has a market capitalization of C$104.51 million, a PE ratio of -2.51, a price-to-earnings-growth ratio of 2.38 and a beta of -0.71.

Alithya Group (TSE:ALYA) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$105.05 million during the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. As a group, sell-side analysts anticipate that Alithya Group 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.