Alithya Group Inc. (TSE:ALYA – Get Free Report)’s stock price traded down 14.2% on Thursday . The stock traded as low as C$0.97 and last traded at C$1.03. 176,408 shares traded hands during mid-day trading, an increase of 207% from the average session volume of 57,433 shares. The stock had previously closed at C$1.20.
Analysts Set New Price Targets
Separately, Scotiabank lowered shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$2.00 to C$1.50 in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.25.
Get Our Latest Stock Report on ALYA
Alithya Group Price Performance
Alithya Group (TSE:ALYA – Get Free Report) last announced its quarterly earnings results on Thursday, June 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. Alithya Group had a negative return on equity of 24.36% and a negative net margin of 8.12%.The business had revenue of C$113.78 million during the quarter. As a group, research analysts predict that Alithya Group Inc. will post 0.0400733 EPS 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.
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