Aritzia (OTCMKTS:ATZAF) Shares Down 1.1% – Time to Sell?

Aritzia Inc. (OTCMKTS:ATZAF)’s share price dropped 1.1% on Monday . The company traded as low as $84.4920 and last traded at $84.86. Approximately 26,612 shares traded hands during trading, a decline of 44% from the average daily 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 analyst reports. The Goldman Sachs Group initiated coverage on shares of Aritzia in a research report on Thursday, December 11th. They issued a “buy” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Aritzia in a report on Monday, November 17th. UBS Group restated a “buy” rating on shares of Aritzia in a research note on Wednesday. CIBC reissued an “outperform” rating on shares of Aritzia in a research report on Wednesday, October 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Aritzia in a report on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Aritzia Price Performance

The firm has a fifty day simple moving average of $76.30 and a 200 day simple moving average of $63.64.

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.