Aritzia (OTCMKTS:ATZAF) Stock Price Down 1.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Aritzia Trading Down 1.1%

The company has a 50-day moving average price of $75.90 and a 200-day moving average price of $63.38.

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.