Aritzia (OTCMKTS:ATZAF) Trading Up 3.7% – Should You Buy?

Aritzia Inc. (OTCMKTS:ATZAF) shares shot up 3.7% during trading on Thursday . The company traded as high as $112.9699 and last traded at $112.7925. 14,050 shares changed hands during trading, a decline of 77% from the average session volume of 59,999 shares. The stock had previously closed at $108.75.

Analysts Set New Price Targets

A number of brokerages have commented on ATZAF. National Bank Financial began coverage on shares of Aritzia in a research report on Wednesday, April 8th. They set an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Aritzia in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Aritzia in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Aritzia in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Aritzia Trading Up 3.7%

The stock’s 50-day moving average price is $95.71 and its 200-day moving average price is $88.00.

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.