BrilliA (NYSEAMERICAN:BRIA) Trading Down 0.3% – Here’s What Happened

Shares of BrilliA Inc (NYSEAMERICAN:BRIA) were down 0.3% on Friday . The stock traded as low as $1.65 and last traded at $1.6550. Approximately 7,966 shares traded hands during trading, an increase of 6% from the average daily volume of 7,513 shares. The stock had previously closed at $1.66.

Analysts Set New Price Targets

Several brokerages have commented on BRIA. Industrial Alliance Securities set a $5.00 target price on BrilliA in a research note on Friday, August 29th. Citigroup initiated coverage on shares of BrilliA in a report on Friday, August 29th. They set a “buy” rating on the stock. Finally, Alliance Global Partners assumed coverage on shares of BrilliA in a research note on Friday, August 29th. They issued a “buy” rating and a $5.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, BrilliA has an average rating of “Buy” and an average price target of $5.00.

BrilliA Price Performance

The company has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.18.

Institutional Investors Weigh In On BrilliA

A hedge fund recently bought a new stake in BrilliA stock. Virtu Financial LLC bought a new position in shares of BrilliA Inc (NYSEAMERICAN:BRIA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,875 shares of the company’s stock, valued at approximately $31,000.

About BrilliA

BrilliA Inc engages in the design, development and manufacturing of residential and commercial ventilation and range hood systems. The company’s core product line includes ducted and ductless range hoods, ceiling-mounted and wall-mounted ventilation fans, heat sensors, remote controls and a variety of grille and lighting accessories. BrilliA focuses on combining innovative airflow technology with modern design elements to address both new construction and retrofit applications.

In addition to its ventilation business, BrilliA offers a selection of complementary home improvement products that enhance indoor air quality and kitchen functionality.