Alithya Group (TSE:ALYA) Trading Down 3.7% – Here’s What Happened

Shares of Alithya Group Inc. (TSE:ALYA) were down 3.7% during mid-day trading on Friday . The company traded as low as C$1.29 and last traded at C$1.30. Approximately 9,860 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 59,567 shares. The stock had previously closed at C$1.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALYA shares. Scotiabank downgraded shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. Ventum Financial upped their price objective on shares of Alithya Group from C$2.85 to C$3.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alithya Group has a consensus rating of “Moderate Buy” and a consensus price target of C$2.67.

Alithya Group Trading Down 3.7%

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$129.60 million, a PE ratio of -5.65, a PEG ratio of 2.38 and a beta of -0.59. The stock’s 50 day simple moving average is C$1.37 and its two-hundred day simple moving average is C$1.56.

Alithya Group (TSE:ALYA) last released its earnings results on Friday, February 13th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$115.16 million for the quarter. Alithya Group had a negative net margin of 4.51% and a negative return on equity of 13.00%. On average, sell-side analysts expect that Alithya Group Inc. will post 0.0400733 EPS for the current year.

Insider Activity at Alithya Group

In related news, insider Amar Bukkasagaram sold 2,489,682 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of C$1.60, for a total transaction of C$3,983,491.20. Insiders own 24.03% of the company’s stock.

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.