BrilliA (NYSEAMERICAN:BRIA) Trading Down 0.8% - Here's What Happened

Key Points

• BrilliA Inc shares fell by 0.8%, trading at $2.40, with a significant decrease in trading volume of 93% from the daily average.
• Analysts have issued a buy rating for BrilliA, with a price target of $5.00 from multiple firms including Citigroup and Alliance Global Partners.
• The company recently announced a dividend of $0.133 per share, yielding 554%, with the payout date set for September 30th.

BrilliA Inc (NYSEAMERICAN:BRIA - Get Free Report) 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.

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