Aritzia (OTCMKTS:ATZAF) Trading Up 3.4% – What’s Next?

Shares of Aritzia Inc. (OTCMKTS:ATZAF) shot up 3.4% during mid-day trading on Tuesday . The stock traded as high as $90.06 and last traded at $90.06. 195,335 shares traded hands during trading, an increase of 187% from the average session volume of 68,175 shares. The stock had previously closed at $87.0622.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ATZAF shares. UBS Group reissued a “buy” rating on shares of Aritzia in a report on Wednesday, December 31st. TD Securities reaffirmed a “buy” rating on shares of Aritzia in a research note on Friday, January 9th. Raymond James Financial reissued an “outperform” rating on shares of Aritzia in a research note on Tuesday, October 28th. The Goldman Sachs Group began coverage on shares of Aritzia in a report on Thursday, December 11th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Aritzia in a report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Aritzia Stock Performance

The business has a 50 day moving average price of $86.01 and a two-hundred day moving average price of $72.08.

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.