Alithya Group (TSE:ALYA) Stock Price Down 0.6% - What's Next?

Key Points

• Alithya Group's stock price decreased by 0.6% to C$1.79, with a trading volume notably down by 33% from its average.
• Cormark has increased the price target for Alithya Group from C$3.00 to C$3.50, while the overall consensus rating remains a "Hold" with a target price of C$2.60.
• Significant insider activity includes the sale of 478,375 shares by Senior Officer Michail Feldman, totaling over C$1.14 million, indicating potential confidence issues within the company's leadership.

Alithya Group Inc. (TSE:ALYA - Get Free Report) shares traded down 0.6% during mid-day trading on Wednesday . The company traded as low as C$1.77 and last traded at C$1.79. 35,825 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 53,644 shares. The stock had previously closed at C$1.80.

Analysts Set New Price Targets

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

Alithya Group Trading Down 4.6%

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 has a fifty day moving average of C$2.25 and a 200-day moving average of C$2.01. The firm has a market capitalization of C$166.97 million, a PE ratio of 41.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47.

Insider Buying and Selling at Alithya Group

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 transaction of C$40,590.00. Also, Senior Officer Michail Feldman sold 478,375 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$2.40, for a total value of C$1,148,100.00. 24.03% of the stock is currently owned by company insiders.

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.