Alithya Group (TSE:ALYA) Issues Quarterly Earnings Results

Alithya Group (TSE:ALYA) issued its quarterly earnings results on Thursday. The company reported C$0.08 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$113.78 million for the quarter. Alithya Group had a negative return on equity of 13.00% and a negative net margin of 4.51%.

Alithya Group Trading Up 2.6%

TSE ALYA opened at C$1.20 on Thursday. Alithya Group has a 12 month low of C$1.15 and a 12 month high of C$2.62. The stock has a market cap of C$119.64 million, a P/E ratio of -5.22, a P/E/G ratio of 2.38 and a beta of -0.79. The stock’s fifty day moving average price is C$1.34 and its 200-day moving average price is C$1.50. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 80.95.

Analysts Set New Price Targets

Separately, Scotiabank cut Alithya Group from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$2.00 to C$1.50 in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$2.67.

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.