Alithya Group Inc. (TSE:ALYA – Get Free Report) dropped 1.9% on Wednesday . The company traded as low as C$1.01 and last traded at C$1.02. Approximately 4,185 shares traded hands during trading, a decline of 93% from the average daily volume of 57,262 shares. The stock had previously closed at C$1.04.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ALYA. Ventum cut their price objective on Alithya Group to C$2.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Scotiabank cut shares of Alithya Group from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from C$2.00 to C$1.50 in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Alithya Group currently has a consensus rating of “Moderate Buy” and an average price target of C$2.17.
Read Our Latest Report on Alithya Group
Alithya Group Price Performance
Alithya Group (TSE:ALYA – Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The company reported C$0.08 earnings per share for the quarter. Alithya Group had a negative net margin of 8.12% and a negative return on equity of 24.36%. The firm had revenue of C$113.78 million during the quarter. As a group, equities analysts forecast that Alithya Group Inc. will post 0.0400733 earnings per share for the current fiscal year.
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.
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