Alithya Group (TSE:ALYA) Stock Price Up 0.7% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALYA. Scotiabank set a C$40.00 target price on Alithya Group and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Ventum Financial raised their price target on Alithya Group from C$2.85 to C$3.00 and gave the stock a “buy” 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, the company presently has a consensus rating of “Buy” and a consensus target price of C$12.25.

Alithya Group Price Performance

The firm has a market capitalization of C$139.57 million, a P/E ratio of -6.09, a P/E/G ratio of 2.38 and a beta of -0.62. The stock’s 50 day simple moving average is C$1.48 and its 200 day simple 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 posted 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 during the quarter. As a group, analysts expect that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Amar Bukkasagaram sold 2,489,682 shares of the firm’s stock in a transaction on 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. 24.03% of the stock is currently owned by company 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.