Alithya Group (TSE:ALYA) Rating Lowered to “Sector Perform” at Scotiabank

Alithya Group (TSE:ALYA) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Friday,BayStreet.CA reports. They currently have a C$1.50 target price on the stock, down from their prior target price of C$2.00. Scotiabank’s price target suggests a potential upside of 9.49% from the stock’s previous close.

Separately, Ventum Financial raised 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 note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alithya Group currently has a consensus rating of “Moderate Buy” and an average target price of C$2.67.

Alithya Group Price Performance

Shares of ALYA opened at C$1.37 on Friday. The company’s 50-day moving average is C$1.38 and its 200-day moving average is C$1.61. The firm has a market capitalization of C$136.58 million, a PE ratio of -5.96, a PEG ratio of 2.38 and a beta of -0.61. The company has a debt-to-equity ratio of 80.95, a current ratio of 1.34 and a quick ratio of 1.32. Alithya Group has a fifty-two week low of C$1.29 and a fifty-two week high of C$2.62.

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

Insiders Place Their Bets

In related news, insider Amar Bukkasagaram sold 2,489,682 shares of Alithya Group stock in a transaction on Wednesday, February 18th. The shares were 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 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. Geographically, it derives a majority of revenue from Canada.