Alithya Group (TSE:ALYA) Shares Up 0.7% – Still a Buy?

Alithya Group Inc. (TSE:ALYA)’s stock price traded up 0.7% during trading on Monday . The company traded as high as C$1.41 and last traded at C$1.39. 66,361 shares were traded during mid-day trading, a decline of 2% from the average session volume of 67,599 shares. The stock had previously closed at C$1.38.

Analyst Upgrades and Downgrades

ALYA has been the subject of a number of analyst reports. Ventum Financial increased their target price on shares of Alithya Group from C$2.85 to C$3.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Scotiabank set a C$40.00 price target on Alithya Group and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alithya Group presently has an average rating of “Buy” and an average price target of C$12.25.

Alithya Group Stock Performance

The company has a market cap of C$138.58 million, a PE ratio of -6.04, a PEG ratio of 2.38 and a beta of -0.62. The firm’s 50 day moving average is C$1.48 and its 200-day moving average is C$1.65. The company has a debt-to-equity ratio of 80.95, a quick ratio of 1.32 and a current ratio of 1.34.

Alithya Group (TSE:ALYA) last announced its quarterly earnings results on Friday, February 13th. The company reported C$0.05 earnings per share for the quarter. Alithya Group had a negative net margin of 4.51% and a negative return on equity of 13.00%. The firm had revenue of C$115.16 million for the quarter. On average, research analysts anticipate that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alithya Group news, insider Amar Bukkasagaram sold 2,489,682 shares of Alithya Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of C$1.60, for a total value of C$3,983,491.20. 24.03% of the stock is owned by corporate 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. Geographically, it derives a majority of revenue from Canada.