Shares of Alithya (NASDAQ:ALYA) stock soared more than 100% to start the morning Monday despite no company news. Although shares have cooled off, this is still a story worth watching. Not sure what Alithya is or how ALYA stock is performing? Let’s dive in and take a closer look at the company.
At its core, the Canada-based firm focuses on technological and digital strategies. Alithya’s services range from application development and strategic consulting, to enterprise solutions and analytics. And overall, the company employs
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With that in mind, here is what you should know about Alithya:
- The company , when it was know as CIA (Conseillers en informatique d’affaires).
- Between 1998 and 2005, CIA acquired 11 companies.
- After a buyout between 2011 and 2012, the company “execute[d] its daring strategic plan and [began] to overhaul its image” to become Alithya in 2013.
- Over the next few years, the company entered a number of important strategic partnerships and added a few institutional investors.
- Then, in 2018, Alithya acquired Edgewater Technology and began trading on the Nasdaq Exchange under the ALYA ticker.
- Since that point, the company has found new avenues of expansion to build out its offerings and services.
- The firm also boasts a few well-known technological partners, including Microsoft (NASDAQ:MSFT) and Oracle (NYSE:ORCL).
- In early January, Alithya shared two major pieces of news related to the company — including a .
- Moreover, , the company reported that revenues increased 1.5% year-over-year to $68.4 million.
- Alithya also said it had a net loss of $5.5 million, or $0.09 per share, compared to a loss of $2.3 million, or $0.04 per share.
Furthermore, ALYA stock had a great start to 2021. In fact, shares are up nearly 62% to start the year.
Shares of ALYA stock were up 38% as of Monday morning.
On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Nick is a web editor at InvestorPlace.
