Edgewater Technology (ALYA) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Edgewater Technology (NYSE:ALYA) from a hold rating to a sell rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “Alithya Group Inc. provides digital strategies and technologies primarily in North America. The company’s integrated offering is based on strategy services, Microsoft and Oracle technologies and custom solutions. The company serves primarily in the financial, manufacturing, retail and distribution, telecommunications, transportation, professional services, health and government sectors. It operates principally in Canada, the United States and Europe. Alithya Group Inc., formerly known as Edgewater Technology Inc., is based in Montreal, Canada. “

Separately, Eight Capital reissued a buy rating on shares of Edgewater Technology in a research note on Thursday, March 7th.

Shares of NYSE:ALYA opened at $3.19 on Friday. Edgewater Technology has a 12-month low of $2.25 and a 12-month high of $6.00.

Edgewater Technology (NYSE:ALYA) last issued its earnings results on Thursday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $44.02 million for the quarter.

An institutional investor recently bought a new position in Edgewater Technology stock. Geode Capital Management LLC acquired a new stake in Edgewater Technology, Inc. (NYSE:ALYA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 44,693 shares of the company’s stock, valued at approximately $105,000. Geode Capital Management LLC owned about 0.14% of Edgewater Technology at the end of the most recent quarter.

Edgewater Technology Company Profile

Alithya Group Inc provides information technology and management consulting services. The company's services include strategic direction, such as strategic planning, strategic information technology planning, strategic alignment, organizational management, and program evaluation; and architecture that includes enterprise, business, information, applications, technology, security, and solutions architecture services.

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