Alithya Group (TSE:ALYA) Trading 2.1% Higher - What's Next?

Key Points

• Alithya Group's stock price rose by 2.1% during trading on Tuesday, closing at C$2.40 after reaching a high of C$2.48.
• Brokerages have mixed evaluations on Alithya Group, with Cormark increasing its price target to C$3.50, while Scotiabank and Barrington Research reduced theirs to C$2.50.
• Insider activity is notable, with significant share sales by Senior Officers, including a total of 478,375 shares sold by Michail Feldman for over C$1 million.

Shares of Alithya Group Inc. (TSE:ALYA - Get Free Report) rose 2.1% on Tuesday . The stock traded as high as C$2.48 and last traded at C$2.40. Approximately 41,618 shares were traded during trading, a decline of 15% from the average daily volume of 49,057 shares. The stock had previously closed at C$2.35.

Analyst Ratings Changes

Several research firms have issued reports on ALYA. Scotiabank decreased their price objective on shares of Alithya Group from C$2.80 to C$2.50 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. Barrington Research dropped their price target on Alithya Group from C$3.50 to C$2.50 in a research note on Thursday, April 24th. Finally, Cormark increased their price objective on Alithya Group from C$3.00 to C$3.50 in a report on Friday, June 13th.

Alithya Group Trading Up 1.7%

The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 68.27. The business has a 50 day moving average of C$2.29 and a 200-day moving average of C$1.96. The stock has a market cap of C$221.80 million, a PE ratio of -70.67, a price-to-earnings-growth ratio of 2.38 and a beta of 0.42.

Insider Activity

In related news, Senior Officer Amar Bukkasagaram sold 16,500 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of C$2.46, for a total value of C$40,590.00. Also, Senior Officer Michail Feldman sold 478,375 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$2.40, for a total transaction of C$1,148,100.00. Corporate 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.