Alithya Group (TSE:ALYA) Lowered to Neutral Rating by Ventum Financial

Alithya Group (TSE:ALYA) was downgraded by analysts at Ventum Financial from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$1.35 price target on the stock, down from their previous price target of C$2.00. Ventum Financial’s target price suggests a potential upside of 22.73% from the stock’s previous close.

Several other brokerages have also weighed in on ALYA. Scotiabank lowered Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$2.00 to C$1.50 in a report on Friday, April 24th. Ventum cut their price target on Alithya Group to C$2.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Desjardins lowered Alithya Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$1.55 to C$1.15 in a report on Friday. ATB Cormark Capital Markets cut Alithya Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$1.60 to C$1.35 in a research note on Friday. Finally, Barrington Research downgraded shares of Alithya Group from an “outperform” rating to a “market perform” rating in a report on Friday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alithya Group presently has an average rating of “Hold” and a consensus price target of C$1.47.

Alithya Group Stock Up 1.9%

Shares of ALYA traded up C$0.02 during trading hours on Tuesday, reaching C$1.10. 5,274 shares of the stock traded hands, compared to its average volume of 58,811. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. The stock has a fifty day simple moving average of C$1.06 and a 200 day simple moving average of C$1.28. Alithya Group has a 52 week low of C$0.94 and a 52 week high of C$2.20. The company has a market cap of C$106.44 million, a price-to-earnings ratio of -2.56, a PEG ratio of 2.38 and a beta of -0.71.

Alithya Group (TSE:ALYA) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$105.05 million for the quarter. Alithya Group had a negative return on equity of 27.81% and a negative net margin of 9.03%. On average, equities analysts forecast that Alithya Group will post 0.0400733 EPS for the current 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.