BrilliA (NYSEAMERICAN:BRIA) Stock Price Down 0.3% – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

BrilliA Stock Down 0.3%

The business’s 50 day moving average is $1.82 and its 200-day moving average is $2.18.

Hedge Funds Weigh In On BrilliA

A hedge fund recently bought a new stake in BrilliA stock. Virtu Financial LLC bought a new stake in shares of BrilliA Inc (NYSEAMERICAN:BRIA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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.