Alithya Group (TSE:ALYA) Stock Price Down 1.2% - Time to Sell?

Key Points

• Alithya Group Inc. (TSE:ALYA) saw its stock price decrease by 1.2%, trading between C$1.64 and C$1.66, with a volume of 65,798 shares, up 13% from its average.
• Cormark raised its price target for Alithya Group from C$3.00 to C$3.50, while the current consensus target price remains at C$2.60.
• Insider Amar Bukkasagaram sold 16,500 shares at an average price of C$2.46, representing a total value of C$40,590, with insiders owning 24.03% of the company’s stock.

Alithya Group Inc. (TSE:ALYA - Get Free Report) fell 1.2% on Thursday . The company traded as low as C$1.64 and last traded at C$1.66. 65,798 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 58,024 shares. The stock had previously closed at C$1.68.

Wall Street Analyst Weigh In

Separately, Cormark increased their target price on Alithya Group from C$3.00 to C$3.50 in a research note on Friday, June 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$2.60.

Alithya Group Price Performance

The firm has a 50-day simple moving average of C$2.05 and a 200-day simple moving average of C$1.97. The firm has a market capitalization of C$174.97 million, a PE ratio of 43.75, a PEG ratio of 2.38 and a beta of 0.24. The company has a debt-to-equity ratio of 68.27, a current ratio of 1.39 and a quick ratio of 1.32.

Insider Buying and Selling

In other Alithya Group news, Senior Officer Amar Bukkasagaram sold 16,500 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of C$2.46, for a total transaction of C$40,590.00. 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.