Alithya Group (TSE:ALYA) Stock Price Up 2.2% - Should You Buy?

Alithya Group Inc. (TSE:ALYA - Get Free Report)'s stock price shot up 2.2% on Monday . The stock traded as high as C$2.33 and last traded at C$2.31. 21,360 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 48,293 shares. The stock had previously closed at C$2.26.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALYA. Scotiabank lowered their target price on shares of Alithya Group from C$2.80 to C$2.50 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Cormark raised their price objective on shares of Alithya Group from C$3.00 to C$3.50 in a research note on Friday, June 13th. Finally, Barrington Research reduced their price objective on shares of Alithya Group from C$3.50 to C$2.50 in a research note on Thursday, April 24th.

Alithya Group Price Performance

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 company's 50 day moving average is C$2.10 and its 200 day moving average is C$1.88. The stock has a market cap of C$211.84 million, a price-to-earnings ratio of -67.49, a PEG ratio of 2.38 and a beta of 0.42.

Insider Activity

In other Alithya Group news, Senior Officer Amar Bukkasagaram sold 16,500 shares of Alithya Group stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of C$2.46, for a total transaction of C$40,590.00. Also, Senior Officer Michail Feldman sold 478,375 shares of Alithya Group stock in a transaction dated 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. 24.03% of the stock is owned by company insiders.

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.