Alithya Group (TSE:ALYA) Stock Price Down 1.9% – What’s Next?

Alithya Group Inc. (TSE:ALYA)’s share price traded down 1.9% on Wednesday . The company traded as low as C$1.01 and last traded at C$1.02. Approximately 4,185 shares were traded during trading, a decline of 93% from the average session volume of 57,262 shares. The stock had previously closed at C$1.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. Ventum lowered their target price on shares of Alithya Group to C$2.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alithya Group presently has an average rating of “Moderate Buy” and a consensus target price of C$2.17.

Alithya Group Trading Down 1.9%

The company has a fifty day moving average of C$1.17 and a two-hundred day moving average of C$1.40. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 88.81. The stock has a market capitalization of C$98.70 million, a price-to-earnings ratio of -2.55, a price-to-earnings-growth ratio of 2.38 and a beta of -0.68.

Alithya Group (TSE:ALYA) last announced its earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%.The firm had revenue of C$113.78 million during the quarter. On average, research analysts expect that Alithya Group Inc. will post 0.0400733 EPS for the current year.

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.