Alithya Group (TSE:ALYA) Shares Climb 2.7% – Should You Buy?

by · The Markets Daily

Shares of Alithya Group Inc. (TSE:ALYA – Get Free Report) shot up 2.7% during mid-day trading on Tuesday. The stock traded as high as C$1.14 and last traded at C$1.14. Approximately 15,200 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 55,120 shares. The stock had previously closed at C$1.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ALYA shares. Ventum Financial lowered shares of Alithya Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from C$2.00 to C$1.35 in a research note on Tuesday, August 18th. Desjardins lowered shares of Alithya Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$1.55 to C$1.15 in a research report on Friday, August 14th. Barrington Research cut shares of Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 14th. Ventum cut their price target on shares of Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. Finally, ATB Cormark Capital Markets cut shares of Alithya Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$1.60 to C$1.35 in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$1.47.

Read Our Latest Analysis on ALYA

Alithya Group Trading Up 0.9%

The firm has a market cap of C$111.28 million, a price-to-earnings ratio of -2.67, a price-to-earnings-growth ratio of 2.38 and a beta of -0.84. The business has a 50 day moving average of C$1.11 and a 200 day moving average of C$1.19. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.41.

Alithya Group (TSE:ALYA – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. The firm had revenue of C$105.05 million during the quarter. On average, research analysts forecast that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.

Alithya Group Company Profile

(Get Free Report)

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.

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