BrilliA (NYSEAMERICAN:BRIA) Trading Down 0.8% – Here’s What Happened

BrilliA Inc (NYSEAMERICAN:BRIA) shares were down 0.8% during mid-day trading on Wednesday . The company traded as low as $2.32 and last traded at $2.40. Approximately 124,080 shares changed hands during trading, a decline of 93% from the average daily volume of 1,735,510 shares. The stock had previously closed at $2.42.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup began coverage on shares of BrilliA in a research report on Friday, August 29th. They set a “buy” rating on the stock. Alliance Global Partners began coverage on shares of BrilliA in a research note on Friday, August 29th. They set a “buy” rating and a $5.00 price target on the stock. Finally, Industrial Alliance Securities set a $5.00 price objective on shares of BrilliA in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $5.00.

BrilliA Stock Down 0.8%

The business’s 50 day moving average is $2.45 and its 200-day moving average is $2.47.

BrilliA Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.133 per share. This represents a yield of 554.0%. The ex-dividend date of this dividend is Monday, September 15th.

About BrilliA

BrilliA Inc is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M. BrilliA Inc is based in SINGAPORE.