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

Shares of Alithya Group Inc. (TSE:ALYA) have been given an average rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$1.47.

A number of equities research analysts have recently issued reports on the company. Desjardins cut Alithya Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$1.55 to C$1.15 in a report on Friday, August 14th. Ventum lowered their target price on Alithya Group to C$2.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Barrington Research cut Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 14th. Ventum Financial downgraded Alithya Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$2.00 to C$1.35 in a research note on Tuesday, August 18th. Finally, ATB Cormark Capital Markets lowered Alithya Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$1.60 to C$1.35 in a report on Friday, August 14th.

Alithya Group Stock Performance

TSE ALYA opened at C$1.12 on Tuesday. The stock has a market cap of C$108.38 million, a PE ratio of -2.60, a P/E/G ratio of 2.38 and a beta of -0.84. 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 firm has a 50-day moving average of C$1.08 and a 200-day moving average of C$1.22. Alithya Group has a 52-week low of C$0.94 and a 52-week high of C$2.20.

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