Roots (TSE:ROOT) Trading Up 1.1% - Here's What Happened

Key Points

• Shares rose 1.1% to C$3.52 on Monday (from C$3.48), but trading volume was very light at 1,054 shares — down about 89% from the average daily volume of 9,762.
• The company has a market cap of C$138.03 million and shows negative earnings metrics (P/E -4.40, P/E/G -0.54), while financial ratios point to leverage and liquidity concerns (debt-to-equity 85.26, quick ratio 0.25, current ratio 1.41).
• Roots is an apparel and leather-goods retailer that earns most revenue through its Direct-To-Consumer channel (corporate stores and e-commerce) and also generates wholesale and royalty income from partners.

Roots Co. (TSE:ROOT - )'s share price rose 1.1% during trading on Monday . The company traded as high as C$3.52 and last traded at C$3.52. Approximately 1,054 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 9,762 shares. The stock had previously closed at C$3.48.

Roots Price Performance

The firm has a market cap of C$138.03 million, a price-to-earnings ratio of -4.40, a P/E/G ratio of -0.54 and a beta of 0.38. The business's 50-day simple moving average is C$3.20 and its two-hundred day simple moving average is C$3.23. The company has a current ratio of 1.41, a quick ratio of 0.25 and a debt-to-equity ratio of 85.26.

About Roots

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.

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