Edgewater Technology (ALYA) Rating Lowered to Hold at Zacks Investment Research

Edgewater Technology (NYSE:ALYA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Alithya Group Inc. provides digital strategies and technologies primarily in North America. The company’s integrated offering is based on strategy services, Microsoft and Oracle technologies and custom solutions. The company serves primarily in the financial, manufacturing, retail and distribution, telecommunications, transportation, professional services, health and government sectors. It operates principally in Canada, the United States and Europe. Alithya Group Inc., formerly known as Edgewater Technology Inc., is based in Montreal, Canada. “

Separately, Eight Capital reissued a “buy” rating on shares of Edgewater Technology in a report on Thursday, March 7th.

NYSE:ALYA opened at $3.05 on Tuesday. Edgewater Technology has a twelve month low of $2.25 and a twelve month high of $6.00.

Edgewater Technology (NYSE:ALYA) last posted its quarterly earnings results on Thursday, February 14th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $44.02 million during the quarter.

An institutional investor recently bought a new position in Edgewater Technology stock. Geode Capital Management LLC bought a new position in shares of Edgewater Technology, Inc. (NYSE:ALYA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 44,693 shares of the company’s stock, valued at approximately $105,000. Geode Capital Management LLC owned about 0.14% of Edgewater Technology at the end of the most recent quarter.

Edgewater Technology Company Profile

Alithya Group Inc provides information technology and management consulting services. The company's services include strategic direction, such as strategic planning, strategic information technology planning, strategic alignment, organizational management, and program evaluation; and architecture that includes enterprise, business, information, applications, technology, security, and solutions architecture services.

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