Alithya Group (TSE:ALYA) Shares Down 0.6% – What’s Next?

Alithya Group Inc. (TSE:ALYA) shares dropped 0.6% during trading on Friday . The stock traded as low as C$1.64 and last traded at C$1.65. Approximately 7,991 shares traded hands during trading, a decline of 74% from the average daily volume of 30,163 shares. The stock had previously closed at C$1.66.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Ventum Financial cut their price target on Alithya Group from C$2.70 to C$2.50 in a research note on Friday, November 15th. National Bankshares reduced their target price on Alithya Group from C$2.50 to C$2.00 in a report on Friday, November 15th.

Alithya Group Stock Performance

The company has a fifty day moving average of C$1.71 and a two-hundred day moving average of C$1.84. The company has a debt-to-equity ratio of 68.30, a quick ratio of 1.32 and a current ratio of 1.30. The company has a market cap of C$146.26 million, a price-to-earnings ratio of -13.75, a P/E/G ratio of 2.38 and a beta of 0.42.

Alithya Group Company Profile

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company offers strategic consulting, enterprise transformation, and business enablement services. It also offers advisory services for digital strategy, organization performance, cybersecurity, enterprise architecture, and change management.