Aritzia (OTCMKTS:ATZAF) Shares Down 2.4% – Time to Sell?

Shares of Aritzia Inc. (OTCMKTS:ATZAF) traded down 2.4% on Monday. The stock traded as low as $107.56 and last traded at $107.98. 60,264 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 64,722 shares. The stock had previously closed at $110.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ATZAF shares. TD Securities reaffirmed a “buy” rating on shares of Aritzia in a report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Aritzia in a research note on Friday, October 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Aritzia in a research note on Thursday, October 8th. Finally, Jefferies Financial Group downgraded Aritzia from a “buy” rating to a “hold” rating in a report on Tuesday, October 13th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Aritzia presently has an average rating of “Moderate Buy”.

Aritzia Stock Down 2.4%

The business’s 50 day moving average is $94.02 and its 200-day moving average is $96.34.

About Aritzia

Aritzia Inc is a Canadian design house and fashion retailer focused on women’s apparel and accessories. The company develops and sells clothing across categories including everyday essentials, workwear, occasionwear, outerwear, activewear and intimates, along with accessories and lifestyle products.

Founded in 1984 by Brian Hill, Aritzia operates a portfolio of in-house brands, including Wilfred, Babaton, Tna, Sunday Best, Super Puff and Denim Forum. Its products are sold through a network of boutiques in Canada and the United States, as well as through its e-commerce platform.

Aritzia is headquartered in Vancouver, British Columbia.