Roots (TSE:ROOT) Trading Down 2.6% - What's Next?

Roots Co. (TSE:ROOT - Get Free Report)'s stock price traded down 2.6% during mid-day trading on Monday . The stock traded as low as C$2.78 and last traded at C$2.99. 14,481 shares were traded during mid-day trading, an increase of 38% from the average session volume of 10,459 shares. The stock had previously closed at C$3.07.

Analysts Set New Price Targets

Separately, TD Securities increased their price target on shares of 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 Down 2.6%

The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31. The stock has a market cap of C$120.94 million, a P/E ratio of 41.79, a P/E/G ratio of -0.54 and a beta of 2.42. The stock's fifty day simple moving average is C$3.09 and its 200-day simple moving average is C$2.60.

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.

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