Alithya Group Inc. (TSE:ALYA) Receives Average Recommendation of “Hold” from Analysts

Shares of Alithya Group Inc. (TSE:ALYA) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$1.47.

ALYA has been the topic of a number of research analyst reports. Ventum Financial cut shares of Alithya Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from C$2.00 to C$1.35 in a research report on Tuesday, August 18th. 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. Desjardins downgraded Alithya Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$1.55 to C$1.15 in a research note on Friday, August 14th. ATB Cormark Capital Markets lowered Alithya Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$1.60 to C$1.35 in a report on Friday, August 14th. Finally, Barrington Research lowered Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 14th.

Alithya Group Stock Down 3.5%

Alithya Group stock opened at C$1.11 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41. Alithya Group has a 12-month low of C$0.94 and a 12-month high of C$2.20. The firm’s fifty day moving average is C$1.09 and its 200 day moving average is C$1.21. The company has a market capitalization of C$107.41 million, a PE ratio of -2.58, a PEG ratio of 2.38 and a beta of -0.84.

Alithya Group (TSE:ALYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. The business had revenue of C$105.05 million during the quarter. As a group, sell-side analysts predict that Alithya Group will post 0.0400733 EPS 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.