Aritzia (OTCMKTS:ATZAF) Trading Down 0.9% – Here’s Why

Aritzia Inc. (OTCMKTS:ATZAF)’s stock price dropped 0.9% during trading on Friday . The stock traded as low as $87.18 and last traded at $87.29. Approximately 19,140 shares were traded during trading, a decline of 74% from the average daily volume of 73,749 shares. The stock had previously closed at $88.12.

Analyst Ratings Changes

Several research firms have issued reports on ATZAF. TD Securities restated a “buy” rating on shares of Aritzia in a research note on Friday, January 9th. Raymond James Financial reissued an “outperform” rating on shares of Aritzia in a report on Tuesday, October 28th. BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a research note on Friday, December 19th. The Goldman Sachs Group started coverage on Aritzia in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Finally, CIBC reissued an “outperform” rating on shares of Aritzia in a report on Friday, January 9th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Aritzia Stock Performance

The business has a 50-day simple moving average of $83.88 and a two-hundred day simple moving average of $68.31.

About Aritzia

Aritzia Inc is a Canadian fashion retailer specializing in women’s apparel and accessories. Founded in 1984 by Brian Hill in Vancouver, British Columbia, the company has grown from a single boutique into a vertically integrated lifestyle brand. Aritzia designs, manufactures and markets a range of in-house labels, including TNA, Wilfred, Babaton and Super Puff, catering to a contemporary female clientele that values both trend-driven and timeless wardrobe essentials.

The company’s product assortment spans outerwear, knitwear, denim, suiting, activewear and accessories, with an emphasis on quality fabrics, fit and craftsmanship.