Alithya Group (TSE:ALYA) Downgraded by Barrington Research to Market Perform

Key Points

• Barrington Research downgraded Alithya Group from “outperform” to “market perform.” Overall analyst sentiment is “Hold,” with an average price target of C$1.80.
• Alithya shares fell 3.6% to C$1.06, near the middle of their C$0.94–C$2.20 one-year range, while the stock remains below its 200-day moving average of C$1.29.
• The company reported quarterly revenue of C$105.05 million and earnings of C$0.04 per share, but continued to post a negative net margin of 8.12% and negative return on equity of 24.36%.

Alithya Group (TSE:ALYA - Get Free Report) was downgraded by equities research analysts at Barrington Research from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Friday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. ATB Cormark Capital Markets upgraded shares of Alithya Group from a "sector perform" rating to an "outperform" rating and set a C$1.60 price target for the company in a research note on Tuesday, July 28th. Desjardins reduced their price objective on shares of Alithya Group from C$1.75 to C$1.55 and set a "buy" rating for the company in a report on Tuesday, July 21st. Scotiabank downgraded shares of Alithya Group from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. Finally, Ventum lowered their target price on shares of Alithya Group to C$2.00 and set a "buy" rating on the stock in a report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$1.80.

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Alithya Group Stock Down 3.6%

Shares of TSE ALYA traded down C$0.04 during midday trading on Friday, hitting C$1.06. 20,288 shares of the stock traded hands, compared to its average volume of 59,354. The company has a market cap of C$102.57 million, a PE ratio of -2.65, a P/E/G ratio of 2.38 and a beta of -0.71. Alithya Group has a one year low of C$0.94 and a one year high of C$2.20. The business has a 50 day moving average price of C$1.06 and a two-hundred day moving average price of C$1.29. 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 - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%.The company had revenue of C$105.05 million for the quarter. On average, equities analysts predict that Alithya Group will post 0.0400733 EPS 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.

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