Aritzia (OTCMKTS:ATZAF) Stock Price Down 1.3% – Here’s Why

Aritzia Inc. (OTCMKTS:ATZAF)’s share price was down 1.3% during mid-day trading on Monday . The stock traded as low as $114.00 and last traded at $114.82. Approximately 261,913 shares traded hands during trading, an increase of 342% from the average daily volume of 59,282 shares. The stock had previously closed at $116.39.

Wall Street Analyst Weigh In

ATZAF has been the topic of several recent research reports. TD Securities reaffirmed a “buy” rating on shares of Aritzia in a report on Friday, May 8th. National Bank Financial started coverage on Aritzia in a research note on Wednesday, April 8th. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Aritzia in a report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Aritzia in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Aritzia has a consensus rating of “Buy”.

Aritzia Trading Down 1.3%

The company’s 50-day moving average is $107.33 and its 200 day moving average is $93.05.

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.