Roots (TSE:ROOT) Trading Down 0.7%

Roots Co. (TSE:ROOT)’s share price fell 0.7% during trading on Thursday . The company traded as low as C$2.00 and last traded at C$2.04. 1,500 shares changed hands during trading, a decline of 84% from the average session volume of 9,650 shares. The stock had previously closed at C$2.05.

Analysts Set New Price Targets

Separately, TD Securities raised Roots from a “hold” rating to a “buy” rating and set a C$3.25 price objective on the stock in a research note on Thursday, April 11th.

Roots Price Performance

The company has a quick ratio of 0.25, a current ratio of 1.33 and a debt-to-equity ratio of 65.45. The firm has a market cap of C$81.91 million, a P/E ratio of 50.88, a P/E/G ratio of -0.54 and a beta of 2.50. The business’s 50 day moving average is C$2.20 and its two-hundred day moving average is C$2.32.

About Roots

Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and ecommerce.