BrilliA (NYSEAMERICAN:BRIA) Trading Down 0.5% – Time to Sell?

BrilliA Inc (NYSEAMERICAN:BRIA)’s share price was down 0.5% during trading on Wednesday . The stock traded as low as $1.8501 and last traded at $1.90. Approximately 7,769 shares traded hands during trading, a decline of 70% from the average daily volume of 26,245 shares. The stock had previously closed at $1.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BRIA shares. Industrial Alliance Securities set a $5.00 price target on shares of BrilliA in a research report on Friday, August 29th. Alliance Global Partners started coverage on shares of BrilliA in a research report on Friday, August 29th. They set a “buy” rating and a $5.00 price target for the company. Finally, Citigroup started coverage on shares of BrilliA in a research report on Friday, August 29th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $5.00.

BrilliA Price Performance

The stock’s 50-day moving average is $2.24 and its 200-day moving average is $2.34.

BrilliA Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.133 dividend. This represents a dividend yield of 554.0%. The ex-dividend date of this dividend was Monday, September 15th.

About BrilliA

BrilliA Inc is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M. BrilliA Inc is based in SINGAPORE.