Alithya Group (TSE:ALYA) Trading Down 3.7% – What’s Next?

Alithya Group Inc. (TSE:ALYA) shares were down 3.7% on Friday . The company traded as low as C$1.29 and last traded at C$1.30. Approximately 9,860 shares were traded during trading, a decline of 83% from the average daily volume of 59,567 shares. The stock had previously closed at C$1.35.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALYA shares. Ventum Financial raised their price target on shares of Alithya Group from C$2.85 to C$3.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company 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 one has assigned a Hold rating to the stock. According to MarketBeat.com, Alithya Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Price Performance

The business’s fifty day moving average is C$1.37 and its 200-day moving average is C$1.56. The company has a debt-to-equity ratio of 80.95, a current ratio of 1.34 and a quick ratio of 1.32. The firm has a market cap of C$129.60 million, a PE ratio of -5.65, a P/E/G ratio of 2.38 and a beta of -0.59.

Alithya Group (TSE:ALYA) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Alithya Group had a negative net margin of 4.51% and a negative return on equity of 13.00%. The business had revenue of C$115.16 million during the quarter. On average, research analysts predict that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.

Insider Transactions at Alithya Group

In related news, insider Amar Bukkasagaram sold 2,489,682 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$1.60, for a total transaction of C$3,983,491.20. Company insiders own 24.03% of the company’s stock.

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.