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)'s stock price dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as $2.32 and last traded at $2.40. Approximately 124,080 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,735,510 shares. The stock had previously closed at $2.42.

Analysts Set New Price Targets

BRIA has been the subject of a number of research analyst reports. Industrial Alliance Securities set a $5.00 target price on BrilliA in a research report on Friday, August 29th. Alliance Global Partners assumed coverage on BrilliA in a research note on Friday, August 29th. They set a "buy" rating and a $5.00 price target on the stock. Finally, Citigroup started coverage on shares of BrilliA in a research note on Friday, August 29th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $5.00.

BrilliA Trading Down 7.3%

The company's 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.43.

BrilliA Dividend Announcement

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

BrilliA Company Profile

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.