Roots (TSE:ROOT) Shares Down 0.7%

Shares of Roots Co. (TSE:ROOT) were down 0.7% during mid-day trading on Thursday . The company traded as low as C$2.00 and last traded at C$2.04. Approximately 1,500 shares traded hands during trading, a decline of 84% from the average daily volume of 9,650 shares. The stock had previously closed at C$2.05.

Analyst Ratings Changes

Separately, TD Securities raised Roots from a “hold” rating to a “buy” rating and set a C$3.25 price objective on the stock in a research report on Thursday, April 11th.

Roots Trading Down 0.7 %

The stock’s fifty day moving average price is C$2.20 and its 200 day moving average price is C$2.32. The stock has a market capitalization of C$81.91 million, a P/E ratio of 50.88, a PEG ratio of -0.54 and a beta of 2.50. The company has a debt-to-equity ratio of 65.45, a current ratio of 1.33 and a quick ratio of 0.25.

About Roots

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.