Aritzia (OTCMKTS:ATZAF) Trading Down 1.1% – Here’s Why

Aritzia Inc. (OTCMKTS:ATZAF) shares fell 1.1% during mid-day trading on Monday . The company traded as low as $84.4920 and last traded at $84.86. 26,612 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 47,496 shares. The stock had previously closed at $85.82.

Analyst Upgrades and Downgrades

ATZAF has been the topic of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a research report on Friday, December 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Aritzia in a research report on Monday, November 17th. The Goldman Sachs Group started coverage on Aritzia in a report on Thursday, December 11th. They issued a “buy” rating for the company. CIBC reaffirmed an “outperform” rating on shares of Aritzia in a research note on Wednesday, October 1st. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Aritzia in a research report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Aritzia Stock Performance

The firm’s 50-day simple moving average is $75.90 and its two-hundred day simple moving average is $63.38.

About Aritzia

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.