Aritzia (OTCMKTS:ATZAF) Stock Falls 2.4% – Here’s What Happened

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

Wall Street Analyst Weigh In

ATZAF has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Aritzia in a research report on Friday, October 9th. Jefferies Financial Group lowered shares of Aritzia from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. TD Securities reissued a “buy” rating on shares of Aritzia in a research note on Friday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy”.

Aritzia Stock Down 2.4%

The business has a 50 day moving average price of $94.02 and a 200-day moving average price of $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.