Alithya Group (TSE:ALYA) Cut to “Market Perform” at Barrington Research

Alithya Group (TSE:ALYA) was downgraded by analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports.

Several other brokerages have also recently commented on ALYA. Desjardins reduced their price objective on shares of Alithya Group from C$1.75 to C$1.55 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Ventum cut their price target on shares of Alithya Group to C$2.00 and set a “buy” rating for the company in a report on Monday, June 15th. ATB Cormark Capital Markets upgraded shares of Alithya Group from a “sector perform” rating to an “outperform” rating and set a C$1.60 price target for the company in a research report on Tuesday, July 28th. Finally, Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$2.00 to C$1.50 in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$1.80.

Alithya Group Stock Performance

Shares of Alithya Group stock traded down C$0.04 during mid-day trading on Friday, hitting C$1.06. 20,288 shares of the stock were exchanged, compared to its average volume of 59,354. Alithya Group has a 12 month low of C$0.94 and a 12 month high of C$2.20. The company has a 50-day simple moving average of C$1.06 and a 200 day simple moving average of C$1.29. The company has a market capitalization of C$102.57 million, a P/E ratio of -2.65, a P/E/G ratio of 2.38 and a beta of -0.71. The company has a debt-to-equity ratio of 88.81, a quick ratio of 1.32 and a current ratio of 1.25.

Alithya Group (TSE:ALYA) last released its earnings results on Thursday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$105.05 million during the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%. Sell-side analysts anticipate that Alithya Group 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.