Alithya Group (TSE:ALYA) Trading Down 3.2% – Here’s What Happened

Alithya Group Inc. (TSE:ALYA) fell 3.2% during mid-day trading on Friday . The stock traded as low as C$1.20 and last traded at C$1.22. 53,496 shares were traded during trading, a decline of 6% from the average session volume of 56,623 shares. The stock had previously closed at C$1.26.

Wall Street Analyst Weigh In

Separately, Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$2.67.

Alithya Group Stock Down 3.2%

The stock has a market capitalization of C$121.63 million, a PE ratio of -5.30, a PEG ratio of 2.38 and a beta of -0.79. The firm’s fifty day moving average is C$1.35 and its 200-day moving average is C$1.51. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 80.95.

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.