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Roots (TSE:ROOT) Trading Down 1.6% - Here's Why

Roots logo with Consumer Cyclical background

Roots Co. (TSE:ROOT - Get Free Report) dropped 1.6% on Tuesday . The company traded as low as C$3.06 and last traded at C$3.09. Approximately 3,610 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 12,013 shares. The stock had previously closed at C$3.14.

Roots Price Performance

The company has a quick ratio of 0.25, a current ratio of 1.31 and a debt-to-equity ratio of 69.31. The company has a 50 day moving average of C$2.65 and a 200-day moving average of C$2.41. The stock has a market capitalization of C$124.58 million, a P/E ratio of 43.05, a PEG ratio of -0.54 and a beta of 2.42.

About Roots

(Get Free Report)

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.

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