Amar Bukkasagaram Sells 2,489,682 Shares of Alithya Group (TSE:ALYA) Stock

Alithya Group Inc. (TSE:ALYA) insider Amar Bukkasagaram sold 2,489,682 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of C$1.60, for a total transaction of C$3,983,491.20.

Alithya Group Stock Performance

Shares of Alithya Group stock opened at C$1.36 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 80.95. Alithya Group Inc. has a 12-month low of C$1.29 and a 12-month high of C$2.62. The company has a market capitalization of C$135.59 million, a price-to-earnings ratio of -5.91, a PEG ratio of 2.38 and a beta of -0.62. The firm’s 50-day moving average price is C$1.59 and its two-hundred day moving average price is C$1.70.

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

Wall Street Analysts Forecast Growth

ALYA has been the subject of several research analyst reports. Ventum Financial boosted their price objective 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 company an “outperform” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alithya Group currently has a consensus rating of “Buy” and an average target price of C$12.25.

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.