Aritzia (OTCMKTS:ATZAF) Stock Price Down 2.7% – Here’s Why

Aritzia Inc. (OTCMKTS:ATZAF)’s stock price traded down 2.7% during mid-day trading on Wednesday. The company traded as low as $84.24 and last traded at $84.24. Approximately 76,009 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 62,839 shares. The stock had previously closed at $86.60.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Securities restated a “buy” rating on shares of Aritzia in a report on Friday, July 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Aritzia in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Aritzia in a report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Aritzia Stock Performance

The company’s fifty day moving average is $93.88 and its 200-day moving average is $98.91.

About Aritzia

Aritzia Inc is a Canadian fashion retailer that designs, develops and sells women’s apparel and accessories. Its product offerings include dresses, tops, sweaters, jackets, pants, denim, activewear, loungewear and accessories, with collections spanning everyday essentials, occasionwear and performance-inspired clothing.

The company operates a portfolio of in-house brands, including Wilfred, Babaton, Tna, Sunday Best, Denim Forum and Super World. Aritzia sells its products through a network of boutique-style retail stores and its e-commerce platform, serving customers primarily in Canada and the United States.

Founded in 1984 by Brian Hill, Aritzia opened its first boutique in Vancouver, British Columbia.