Roots (OTCMKTS:RROTF) Stock Price Down 9.4%

Roots Co. (OTCMKTS:RROTFGet Rating)’s share price traded down 9.4% during trading on Wednesday . The stock traded as low as $2.12 and last traded at $2.12. 100 shares were traded during trading, a decline of 98% from the average session volume of 5,171 shares. The stock had previously closed at $2.34.

Analyst Ratings Changes

RROTF has been the topic of several recent research reports. TD Securities downgraded shares of Roots from a “buy” rating to a “hold” rating in a research report on Monday, December 12th. Canaccord Genuity Group cut their price target on Roots from C$3.50 to C$2.75 in a report on Tuesday, December 13th.

Roots Stock Down 9.4 %

The company’s 50 day moving average price is $2.28 and its 200-day moving average price is $2.26.

Roots Company Profile

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Roots Corp. engages in the provision of leather goods, apparel, and accessories. It operates through the Direct-to-consumer (DTC) and Partners and Other segments. The Direct-to-consumer segment comprises of sales through its corporate retail stores, and e-commerce. The Partners and Other segment consist primarily of the wholesale of Roots-branded products to its international operating partner, and the royalties earned on the retail sales of Roots-branded products by its partner.

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