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

Shares of Aritzia Inc. (OTCMKTS:ATZAF) fell 0.9% during mid-day trading on Friday . The company traded as low as $87.18 and last traded at $87.29. 19,140 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 73,749 shares. The stock had previously closed at $88.12.

Analyst Ratings Changes

ATZAF has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on Aritzia in a research report on Thursday, December 11th. They set a “buy” rating for the company. Raymond James Financial reiterated an “outperform” rating on shares of Aritzia in a research note on Tuesday, October 28th. TD Securities reiterated a “buy” rating on shares of Aritzia in a report on Friday, January 9th. UBS Group reissued a “buy” rating on shares of Aritzia in a research report on Wednesday, December 31st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a report on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Aritzia Stock Performance

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

Aritzia Company Profile

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.