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

Alithya Group Inc. (TSE:ALYA)’s stock price was up 2.7% during trading on Tuesday. The company traded as high as C$1.14 and last traded at C$1.14. Approximately 15,200 shares changed hands during trading, a decline of 72% from the average session volume of 55,120 shares. The stock had previously closed at C$1.11.

Wall Street Analyst Weigh In

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

Alithya Group Stock Up 2.7%

The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. The business has a fifty day simple moving average of C$1.11 and a two-hundred day simple moving average of C$1.19. The company has a market cap of C$110.31 million, a PE ratio of -2.65, a price-to-earnings-growth ratio of 2.38 and a beta of -0.84.

Alithya Group (TSE:ALYA) last released its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$105.05 million during the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. As a group, equities research analysts predict that Alithya Group Inc. 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.