Alithya Group (TSE:ALYA) Releases Earnings Results

Alithya Group (TSE:ALYA) issued its quarterly earnings data on Thursday. The company reported C$0.04 earnings per share for the quarter, FiscalAI reports. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. The business had revenue of C$105.05 million during the quarter.

Alithya Group Price Performance

ALYA traded down C$0.14 during trading on Thursday, reaching C$1.10. The company’s stock had a trading volume of 165,871 shares, compared to its average volume of 59,565. The firm has a fifty day simple moving average of C$1.07 and a two-hundred day simple moving average of C$1.29. The company has a market cap of C$106.44 million, a price-to-earnings ratio of -2.75, a PEG ratio of 2.38 and a beta of -0.71. The company has a quick ratio of 1.32, a current ratio of 1.25 and a debt-to-equity ratio of 88.81. Alithya Group has a 1 year low of C$0.94 and a 1 year high of C$2.31.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALYA shares. Scotiabank cut Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. ATB Cormark Capital Markets raised Alithya Group from a “sector perform” rating to an “outperform” rating and set a C$1.60 price objective on the stock in a report on Tuesday, July 28th. Ventum cut their price objective on Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Desjardins reduced their target price on Alithya Group from C$1.75 to C$1.55 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$1.93.

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.