Roots (OTCMKTS:RROTF) Shares Down 11.5% – Should You Sell?

Roots Co. (OTCMKTS:RROTF)’s share price traded down 11.5% during mid-day trading on Monday . The stock traded as low as $2.00 and last traded at $2.00. 1,000 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 5,875 shares. The stock had previously closed at $2.26.

Roots Stock Performance

The stock’s 50-day moving average is $2.26 and its 200-day moving average is $2.31.

Roots Company Profile

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.