Alithya Group (TSE:ALYA) Cut to Sector Perform at Scotiabank

Alithya Group (TSE:ALYA) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$1.50 price target on the stock, down from their previous price target of C$2.00. Scotiabank’s target price points to a potential upside of 9.49% from the stock’s previous close.

Separately, Ventum Financial raised their target price on Alithya Group from C$2.85 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alithya Group currently has an average rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Price Performance

TSE ALYA traded down C$0.02 during mid-day trading on Friday, hitting C$1.37. The stock had a trading volume of 21,422 shares, compared to its average volume of 63,783. The firm’s 50 day moving average is C$1.38 and its 200 day moving average is C$1.62. Alithya Group has a twelve month low of C$1.29 and a twelve month high of C$2.62. The company has a debt-to-equity ratio of 80.95, a current ratio of 1.34 and a quick ratio of 1.32. The stock has a market capitalization of C$136.58 million, a price-to-earnings ratio of -5.96, a PEG ratio of 2.38 and a beta of -0.61.

Alithya Group (TSE:ALYA) last issued its earnings results on Friday, February 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 13.00% and a negative net margin of 4.51%.The business had revenue of C$115.16 million during the quarter. Equities research analysts forecast that Alithya Group will post 0.0400733 earnings per share for the current fiscal year.

Insider Activity

In other Alithya Group news, insider Amar Bukkasagaram sold 2,489,682 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of C$1.60, for a total value of C$3,983,491.20. 24.03% of the stock is owned by company insiders.

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.