Alithya Group (TSE:ALYA) Trading Down 14.2% – Here’s Why

Alithya Group Inc. (TSE:ALYA) dropped 14.2% during mid-day trading on Thursday . The company traded as low as C$0.97 and last traded at C$1.03. Approximately 176,408 shares traded hands during trading, an increase of 207% from the average daily volume of 57,433 shares. The stock had previously closed at C$1.20.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from C$2.00 to C$1.50 in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Alithya Group has a consensus rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Stock Down 13.3%

The company has a market capitalization of C$103.68 million, a price-to-earnings ratio of -4.52, a P/E/G ratio of 2.38 and a beta of -0.79. The business’s 50-day moving average is C$1.34 and its 200-day moving average is C$1.50. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 80.95.

Alithya Group (TSE:ALYA) last posted its earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$113.78 million during the quarter. Alithya Group had a negative net margin of 4.51% and a negative return on equity of 13.00%. As a group, equities analysts predict 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.