Alithya Group Inc. (TSE:ALYA) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Alithya Group Inc. (TSE:ALYA) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$1.46.

ALYA has been the topic of several recent analyst reports. Barrington Research cut Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 14th. Desjardins cut their price objective on shares of Alithya Group from C$1.15 to C$1.10 and set a “hold” rating on the stock in a report on Thursday, October 8th. Ventum Financial lowered shares of Alithya Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from C$2.00 to C$1.35 in a research note on Tuesday, August 18th. Finally, ATB Cormark Capital Markets lowered shares of Alithya Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$1.60 to C$1.35 in a research note on Friday, August 14th.

Alithya Group Stock Performance

Shares of Alithya Group stock opened at C$1.15 on Wednesday. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$1.92. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41. The business has a 50 day moving average price of C$1.11 and a 200-day moving average price of C$1.25. The company has a market cap of C$111.28 million, a PE ratio of -2.67, a price-to-earnings-growth ratio of 2.38 and a beta of -1.15.

Alithya Group (TSE:ALYA) last announced its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 27.81% and a negative net margin of 9.03%. The company had revenue of C$105.05 million for the quarter. Equities analysts anticipate that Alithya Group will post 0.04 earnings per share 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.