Alithya Group (TSE:ALYA) Trading 9.8% Higher on Analyst Upgrade

Alithya Group Inc. (TSE:ALYA)’s share price shot up 9.8% during trading on Wednesday after ATB Cormark Capital Markets upgraded the stock from a sector perform rating to an outperform rating. ATB Cormark Capital Markets now has a C$1.60 price target on the stock. Alithya Group traded as high as C$1.14 and last traded at C$1.12. Approximately 195,280 shares were traded during mid-day trading, an increase of 240% from the average session volume of 57,461 shares. The stock had previously closed at C$1.02.

Several other analysts have also issued reports on ALYA. Desjardins reduced their price objective on shares of Alithya Group from C$1.75 to C$1.55 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$2.00 to C$1.50 in a research note on Friday, April 24th. Finally, Ventum dropped their price target on shares of Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$1.93.

Alithya Group Trading Up 11.8%

The company has a 50 day moving average of C$1.08 and a 200-day moving average of C$1.33. The stock has a market cap of C$110.31 million, a price-to-earnings ratio of -2.85, a price-to-earnings-growth ratio of 2.38 and a beta of -0.68. The company has a debt-to-equity ratio of 88.81, a quick ratio of 1.32 and a current ratio of 1.25.

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