Alithya Group (TSE:ALYA) Downgraded by ATB Cormark Capital Markets to “Sector Perform”

Alithya Group (TSE:ALYA) was downgraded by investment analysts at ATB Cormark Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$1.35 price objective on the stock, down from their previous price objective of C$1.60. ATB Cormark Capital Markets’ price target suggests a potential upside of 27.36% from the company’s current price.

Other research analysts have also issued research reports about the company. Barrington Research lowered Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday. Ventum cut their price objective on shares of Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Desjardins reduced their target price on shares of Alithya Group from C$1.75 to C$1.55 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from C$2.00 to C$1.50 in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$1.80.

Alithya Group Price Performance

Shares of TSE:ALYA traded down C$0.04 during midday trading on Friday, hitting C$1.06. The company had a trading volume of 20,288 shares, compared to its average volume of 59,354. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20. The stock has a market cap of C$102.57 million, a price-to-earnings ratio of -2.65, a price-to-earnings-growth ratio of 2.38 and a beta of -0.71. The company has a debt-to-equity ratio of 88.81, a current ratio of 1.25 and a quick ratio of 1.32. The business’s 50-day simple moving average is C$1.06 and its 200-day simple moving average is C$1.29.

Alithya Group (TSE:ALYA) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$105.05 million for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%. On average, research analysts predict that Alithya Group will post 0.0400733 earnings per share 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.