Alithya Group Inc. (TSE:ALYA) Stock Now Rated “Hold” by Wall Street Analysts

Alithya Group Inc. (TSE:ALYA) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$1.46.

A number of research firms recently commented on ALYA. Barrington Research cut shares of Alithya Group from an “outperform” rating to a “market perform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets lowered shares of 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. Ventum reduced their price target on Alithya Group to C$2.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Desjardins decreased their price objective on Alithya Group from C$1.15 to C$1.10 and set a “hold” rating for the company in a report on Thursday. Finally, Ventum Financial cut Alithya Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$2.00 to C$1.35 in a research report on Tuesday, August 18th.

Alithya Group Stock Performance

Shares of Alithya Group stock opened at C$1.10 on Friday. The company has a market capitalization of C$106.44 million, a PE ratio of -2.56, a P/E/G ratio of 2.38 and a beta of -1.15. 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 company has a 50-day simple moving average of C$1.12 and a two-hundred day simple moving average of C$1.18. Alithya Group has a one year low of C$0.94 and a one year high of C$2.10.

Alithya Group (TSE:ALYA) last released 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. Research analysts expect that Alithya Group will post 0.04 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.