Alithya Group (TSE:ALYA) Stock Price Expected to Rise, Ventum Financial Analyst Says

Alithya Group (TSE:ALYA) had its target price upped by investment analysts at Ventum Financial from C$2.85 to C$3.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective indicates a potential upside of 75.44% from the stock’s current price.

Alithya Group Stock Performance

Shares of ALYA stock opened at C$1.71 on Tuesday. The business’s 50 day simple moving average is C$1.70 and its 200 day simple moving average is C$1.86. Alithya Group has a one year low of C$1.40 and a one year high of C$2.62. The stock has a market capitalization of C$170.47 million, a PE ratio of -6.33, a PEG ratio of 2.38 and a beta of 0.06. The company has a debt-to-equity ratio of 68.27, a current ratio of 1.39 and a quick ratio of 1.32.

Alithya Group (TSE:ALYA) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. Alithya Group had a negative net margin of 0.69% and a negative return on equity of 1.88%. The firm had revenue of C$124.29 million during the quarter. As a group, research analysts forecast 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.