Alithya Group Inc. (NASDAQ:ALYA – Get Rating) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 34,600 shares, a growth of 198.3% from the June 15th total of 11,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 3.9 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALYA. National Bank of Canada FI acquired a new position in Alithya Group during the fourth quarter valued at $4,104,000. Hillsdale Investment Management Inc. lifted its position in Alithya Group by 425.5% during the first quarter. Hillsdale Investment Management Inc. now owns 552,288 shares of the company’s stock valued at $1,425,000 after purchasing an additional 447,188 shares during the period. Verdence Capital Advisors LLC acquired a new position in Alithya Group during the first quarter valued at $974,000. Ancora Advisors LLC lifted its position in Alithya Group by 3.6% during the first quarter. Ancora Advisors LLC now owns 2,788,780 shares of the company’s stock valued at $6,777,000 after purchasing an additional 95,901 shares during the period. Finally, Cibc World Market Inc. acquired a new position in Alithya Group during the first quarter valued at $27,000. Institutional investors own 20.62% of the company’s stock.
NASDAQ:ALYA opened at $2.14 on Friday. Alithya Group has a 12 month low of $2.00 and a 12 month high of $3.36. The firm has a fifty day simple moving average of $2.31 and a 200-day simple moving average of $2.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $186.70 million, a P/E ratio of -15.28 and a beta of 0.81.
Alithya Group (NASDAQ:ALYA – Get Rating) last posted its quarterly earnings data on Friday, June 17th. The company reported ($0.06) EPS for the quarter. The company had revenue of $94.72 million for the quarter, compared to analyst estimates of $77.62 million. Alithya Group had a negative return on equity of 8.18% and a negative net margin of 3.54%. Equities analysts forecast that Alithya Group will post 0.04 EPS for the current year.
Alithya Group Company Profile (Get Rating)
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.