Alithya Group Inc. (NASDAQ:ALYA – Get Rating)'s stock price was up 3.8% during trading on Wednesday . The company traded as high as $1.89 and last traded at $1.89. Approximately 1,781 shares changed hands during trading, a decline of 84% from the average daily volume of 11,125 shares. The stock had previously closed at $1.82.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets assumed coverage on shares of Alithya Group in a research report on Wednesday, September 7th. They set a "market perform" rating for the company.
Get Alithya Group alerts:Alithya Group Stock Up 3.8 %
The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.73. The stock has a market cap of $164.69 million, a price-to-earnings ratio of -12.60 and a beta of 0.74. The business's fifty day moving average is $2.16 and its two-hundred day moving average is $2.31.
Alithya Group (NASDAQ:ALYA – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.03) EPS for the quarter. Alithya Group had a negative return on equity of 9.20% and a negative net margin of 3.83%. The firm had revenue of $99.33 million for the quarter, compared to analyst estimates of $100.88 million. Equities analysts forecast that Alithya Group Inc. will post -0.05 earnings per share for the current fiscal year.Institutional Trading of Alithya Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. acquired a new position in shares of Alithya Group during the 1st quarter worth $27,000. Global Alpha Capital Management Ltd. purchased a new position in shares of Alithya Group during the 2nd quarter worth about $38,000. Verdence Capital Advisors LLC purchased a new position in shares of Alithya Group during the 1st quarter worth about $974,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Alithya Group by 425.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 552,288 shares of the company's stock worth $1,425,000 after acquiring an additional 447,188 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Alithya Group by 13.3% during the 1st quarter. National Bank of Canada FI now owns 1,814,518 shares of the company's stock worth $4,629,000 after acquiring an additional 212,612 shares during the period. Hedge funds and other institutional investors own 21.16% of the company's stock.
About Alithya Group
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Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications DevOps, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence (AI), and machine learning, as well as internet of things.
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