Alithya Group (TSE:ALYA) Stock Price Up 2.7% - Should You Buy?

Key Points

• Alithya Group shares rose 2.7% to C$1.14, though trading volume was 72% below the average session volume.
• Analysts have broadly turned more cautious, with multiple downgrades and price-target cuts; the consensus rating is Hold with an average target of C$1.47.
• The company reported C$105.05 million in quarterly revenue and C$0.04 EPS, but remains unprofitable, with a negative 9.03% net margin and 27.81% return on equity.

Alithya Group Inc. (TSE:ALYA - Get Free Report)'s share price was up 2.7% during trading on Tuesday. The company traded as high as C$1.14 and last traded at C$1.14. Approximately 15,200 shares changed hands during trading, a decline of 72% from the average session volume of 55,120 shares. The stock had previously closed at C$1.11.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ALYA. Ventum Financial downgraded shares of Alithya Group from a "buy" rating to a "neutral" rating and cut their price target for the stock from C$2.00 to C$1.35 in a report on Tuesday, August 18th. Barrington Research cut shares of Alithya Group from an "outperform" rating to a "market perform" rating in a research note on Friday, August 14th. ATB Cormark Capital Markets downgraded shares of Alithya Group from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$1.60 to C$1.35 in a report on Friday, August 14th. Ventum cut their price objective on shares of Alithya Group to C$2.00 and set a "buy" rating on the stock in a research note on Monday, June 15th. Finally, Desjardins cut shares of Alithya Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$1.55 to C$1.15 in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$1.47.

Alithya Group Trading Up 2.7%

The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. The company has a 50-day simple moving average of C$1.11 and a 200 day simple moving average of C$1.19. The firm has a market cap of C$110.31 million, a PE ratio of -2.65, a price-to-earnings-growth ratio of 2.38 and a beta of -0.84.

Alithya Group (TSE:ALYA - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. Alithya Group had a negative net margin of 9.03% and a negative return on equity of 27.81%. The firm had revenue of C$105.05 million during the quarter. As a group, sell-side analysts forecast that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.

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. Geographically, it derives a majority of revenue from Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.