Roots (TSE:ROOT) Shares Up 0.3% - What's Next?

Key Points

• Roots Co. shares experienced a slight increase of 0.3%, trading at C$3.23 during a session with significantly reduced trading volume.
• TD Securities has raised their price target for Roots from C$3.50 to C$3.75, maintaining a "buy" rating on the stock.
• The company has a market capitalization of C$130.65 million, with various financial metrics indicating its current operational status in the apparel market.

Roots Co. (TSE:ROOT - Get Free Report) shares shot up 0.3% during trading on Tuesday . The company traded as high as C$3.23 and last traded at C$3.23. 200 shares traded hands during trading, a decline of 98% from the average session volume of 9,514 shares. The stock had previously closed at C$3.22.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on Roots from C$3.50 to C$3.75 and gave the stock a "buy" rating in a research report on Monday, June 16th.

Roots Stock Performance

The company has a market capitalization of C$130.65 million, a price-to-earnings ratio of 45.14, a PEG ratio of -0.54 and a beta of 2.42. The stock has a fifty day moving average price of C$3.12 and a two-hundred day moving average price of C$2.71. The company has a quick ratio of 0.25, a current ratio of 1.31 and a debt-to-equity ratio of 69.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.