Alithya Group (TSE:ALYA) Trading Down 3.7% – Here’s What Happened

Shares of Alithya Group Inc. (TSE:ALYA) dropped 3.7% during trading on Friday . The company traded as low as C$1.29 and last traded at C$1.30. Approximately 9,860 shares changed hands 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 Upgrades and Downgrades

ALYA has been the topic of a number of recent research reports. Scotiabank cut 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 note on Friday, April 24th. Ventum Financial upped 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 note on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Stock Down 3.7%

The company has a debt-to-equity ratio of 80.95, a quick ratio of 1.32 and a current ratio of 1.34. The firm has a market capitalization of C$129.60 million, a PE ratio of -5.65, a PEG ratio of 2.38 and a beta of -0.59. The company’s 50 day simple moving average is C$1.37 and its 200-day simple moving average is C$1.56.

Alithya Group (TSE:ALYA) last posted its earnings results 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 for the quarter. On average, analysts forecast that Alithya Group Inc. will post 0.0400733 EPS for the current fiscal year.

Insider Transactions at Alithya Group

In other Alithya Group news, insider Amar Bukkasagaram sold 2,489,682 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of C$1.60, for a total value of C$3,983,491.20. 24.03% of the stock is owned by corporate insiders.

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.