Alithya Group (TSE:ALYA) Trading Down 0.6% – Here’s What Happened

Alithya Group Inc. (TSE:ALYA) was down 0.6% on Friday . The company traded as low as C$1.64 and last traded at C$1.65. Approximately 7,991 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 30,163 shares. The stock had previously closed at C$1.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALYA shares. Ventum Financial reduced their target price on shares of Alithya Group from C$2.70 to C$2.50 in a research report on Friday, November 15th. National Bankshares reduced their price objective on Alithya Group from C$2.50 to C$2.00 in a report on Friday, November 15th.

Alithya Group Trading Down 0.6 %

The stock has a market cap of C$146.26 million, a price-to-earnings ratio of -13.75, a P/E/G ratio of 2.38 and a beta of 0.42. The business has a 50-day simple moving average of C$1.71 and a two-hundred day simple moving average of C$1.84. The company has a debt-to-equity ratio of 68.30, a quick ratio of 1.32 and a current ratio of 1.30.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company offers strategic consulting, enterprise transformation, and business enablement services. It also offers advisory services for digital strategy, organization performance, cybersecurity, enterprise architecture, and change management.