Alithya Group (TSE:ALYA) Trading Down 9.4% – Here’s What Happened

Alithya Group Inc. (TSE:ALYA)’s stock price fell 9.4% during mid-day trading on Friday . The stock traded as low as C$1.42 and last traded at C$1.44. 89,739 shares changed hands during trading, an increase of 34% from the average session volume of 66,923 shares. The stock had previously closed at C$1.59.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Ventum Financial boosted their target price on shares of Alithya Group from C$2.85 to C$3.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Scotiabank set a C$40.00 target price on Alithya Group and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Alithya Group currently has an average rating of “Buy” and a consensus target price of C$12.25.

Alithya Group Stock Down 8.8%

The company has a market capitalization of C$144.55 million, a P/E ratio of -5.37, a PEG ratio of 2.38 and a beta of -0.17. The company has a debt-to-equity ratio of 68.27, a current ratio of 1.39 and a quick ratio of 1.32. The company has a 50 day moving average of C$1.69 and a 200-day moving average of C$1.81.

Alithya Group (TSE:ALYA) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$115.16 million for the quarter. Alithya Group had a negative return on equity of 1.88% and a negative net margin of 0.69%. As a group, equities analysts anticipate that Alithya Group Inc. will post 0.0400733 EPS 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.