Edgewater Technology (ALYA) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Edgewater Technology (NYSE:ALYA) from a sell rating to a hold rating in a report released on Tuesday morning.

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, Desjardins restated a buy rating on shares of Edgewater Technology in a research note on Wednesday, November 21st.

NYSE ALYA opened at $2.70 on Tuesday. Edgewater Technology has a 52-week low of $2.25 and a 52-week high of $6.00.

Edgewater Technology (NYSE:ALYA) last announced its 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 for the quarter.

A hedge fund recently bought a new stake in Edgewater Technology stock. Geode Capital Management LLC bought a new stake in Edgewater Technology, Inc. (NYSE:ALYA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,693 shares of the company’s stock, valued at approximately $105,000. Geode Capital Management LLC owned approximately 0.14% of Edgewater Technology as of its most recent SEC filing.

About Edgewater Technology

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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