Alithya Group (TSE:ALYA) Stock Price Down 4% - Here's Why

Key Points

• Alithya Group's stock price fell by 4%, trading as low as C$1.87 and last recorded at C$1.90, with trading volume significantly up to 172,307 shares compared to the average of 64,412 shares.
• Cormark has raised its target price for the stock from C$3.00 to C$3.50, while the average consensus price target sits at C$2.60 with a "Hold" rating from analysts.
• The company has a market cap of C$189.96 million and reports a debt-to-equity ratio of 68.27, indicating potential financial risk.

Alithya Group Inc. (TSE:ALYA - Get Free Report)'s share price was down 4% on Friday . The stock traded as low as C$1.87 and last traded at C$1.90. Approximately 172,307 shares changed hands during trading, an increase of 168% from the average daily volume of 64,412 shares. The stock had previously closed at C$1.98.

Wall Street Analysts Forecast Growth

Separately, Cormark raised their target price on Alithya Group from C$3.00 to C$3.50 in a research note on Friday, June 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Alithya Group has an average rating of "Hold" and a consensus price target of C$2.60.

Alithya Group Stock Down 4.0%

The company has a debt-to-equity ratio of 68.27, a current ratio of 1.39 and a quick ratio of 1.32. The firm's 50-day moving average price is C$1.89 and its 200 day moving average price is C$1.96. The firm has a market cap of C$189.96 million, a P/E ratio of 47.50, a PEG ratio of 2.38 and a beta of 0.17.

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.

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