Alithya Group Inc. (NYSE:ALYA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Alithya Group Inc. (NYSE:ALYA) have been given a consensus broker rating score of 1.60 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. Alithya Group’s rating score has improved by 8.6% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $4.76 for the company and are expecting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Alithya Group an industry rank of 179 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered Alithya Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 20th.

Shares of ALYA stock traded down $0.03 during trading on Friday, hitting $2.95. The company had a trading volume of 25,725 shares, compared to its average volume of 22,222. The business’s 50-day simple moving average is $2.83. Alithya Group has a 52 week low of $2.25 and a 52 week high of $6.00.

Alithya Group (NYSE:ALYA) last issued its earnings results on Wednesday, June 19th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $72.64 million during the quarter, compared to analyst estimates of $54.45 million.

A hedge fund recently raised its stake in Alithya Group stock. Intact Investment Management Inc. boosted its position in Alithya Group Inc. (NYSE:ALYA) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,000 shares of the company’s stock after buying an additional 27,000 shares during the quarter. Intact Investment Management Inc. owned approximately 1.03% of Alithya Group worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Alithya Group

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's digital strategy and transformation services include strategic consulting and organizational change, governance and strategic alignment, investment management, collaborative management and co-management, business and enterprise architecture, managing the people side of change, and project management.

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