Roots (TSE:ROOT) Stock Price Down 0.3% – Here’s Why

Roots Co. (TSE:ROOT)’s share price traded down 0.3% on Wednesday . The stock traded as low as C$3.13 and last traded at C$3.13. 2,900 shares were traded during trading, a decline of 67% from the average session volume of 8,866 shares. The stock had previously closed at C$3.14.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price objective on shares of Roots from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Roots has a consensus rating of “Buy” and an average price target of C$3.75.

Roots Stock Down 0.3%

The firm has a market capitalization of C$126.60 million, a P/E ratio of 43.74, a P/E/G ratio of -0.54 and a beta of 2.42. The company has a current ratio of 1.31, a quick ratio of 0.25 and a debt-to-equity ratio of 69.31. The stock’s 50-day simple moving average is C$3.14 and its 200-day simple moving average is C$2.80.

Roots Company Profile

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.