Roots (TSE:ROOT) Shares Down 0.3% - Here's Why

Key Points

• Roots Co. shares decreased by 0.3% to close at C$3.40, with trading volume down significantly at around 1,260 shares compared to an average of 8,721 shares.
• TD Securities raised their price target for Roots from C$3.75 to C$4.00 and maintained a "buy" rating, contributing to a consensus rating of "Buy" among analysts.
• The company's market capitalization is C$134.68 million, with a negative price-to-earnings ratio of -4.30 and a debt-to-equity ratio of 69.31.

Roots Co. (TSE:ROOT - Get Free Report) shares were down 0.3% on Thursday . The stock traded as low as C$3.38 and last traded at C$3.40. Approximately 1,260 shares traded hands during trading, a decline of 86% from the average daily volume of 8,721 shares. The stock had previously closed at C$3.41.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price target on shares of Roots from C$3.75 to C$4.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$4.00.

Roots Stock Down 0.3%

The stock has a market capitalization of C$134.68 million, a price-to-earnings ratio of -4.30, a PEG ratio of -0.54 and a beta of 0.53. The business has a fifty day moving average of C$3.22 and a 200 day moving average of C$2.96. The company has a debt-to-equity ratio of 69.31, a current ratio of 1.31 and a quick ratio of 0.25.

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.

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