Aritzia (OTCMKTS:ATZAF) Trading 11.1% Higher – Here’s What Happened

Aritzia Inc. (OTCMKTS:ATZAF)’s share price traded up 11.1% during trading on Wednesday . The company traded as high as $91.71 and last traded at $90.30. 182,325 shares were traded during mid-day trading, an increase of 173% from the average session volume of 66,866 shares. The stock had previously closed at $81.27.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Securities restated a “buy” rating on shares of Aritzia in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Aritzia in a research report on Friday, January 9th. The Goldman Sachs Group assumed coverage on Aritzia in a research report on Thursday, December 11th. They issued a “buy” rating for the company. BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a research report on Friday, December 19th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Aritzia in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Aritzia Price Performance

The stock has a 50 day moving average price of $84.45 and a 200-day moving average price of $78.71.

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.