Roots (TSE:ROOT) Stock Price Up 0.5% – Here’s What Happened

Shares of Roots Co. (TSE:ROOT) rose 0.5% on Friday . The stock traded as high as C$3.97 and last traded at C$3.97. Approximately 603 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 11,047 shares. The stock had previously closed at C$3.95.

Analyst Ratings Changes

Separately, TD downgraded Roots from a “buy” rating to a “hold” rating and increased their price objective for the company from C$4.00 to C$4.25 in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$4.13.

Roots Trading Up 0.5%

The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 67.56. The company has a fifty day moving average of C$3.84 and a two-hundred day moving average of C$3.41. The stock has a market capitalization of C$155.61 million, a price-to-earnings ratio of 33.08, a P/E/G ratio of -0.54 and a beta of -0.08.

Roots (TSE:ROOT) last issued its quarterly earnings results on Thursday, April 9th. The company reported C$0.42 earnings per share for the quarter. Roots had a return on equity of 3.16% and a net margin of 1.68%.The firm had revenue of C$115.46 million during the quarter. On average, research analysts expect that Roots Co. will post 0.29 EPS for the current year.

Roots Company Profile

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other. The DTC segment sells products through the company’s corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots branded products to the company’s international operating partner, and it earns royalties on the retail sales of Roots-branded products.