Roots (TSE:ROOT) Trading Down 1.7% – Here’s What Happened

Roots Co. (TSE:ROOT)’s share price dropped 1.7% during mid-day trading on Tuesday . The company traded as low as C$2.03 and last traded at C$2.03. Approximately 1,000 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 7,869 shares. The stock had previously closed at C$2.07.

Roots Stock Performance

The firm has a 50-day moving average price of C$2.10 and a 200 day moving average price of C$2.16. The firm has a market capitalization of C$81.71 million, a PE ratio of 203.00, a price-to-earnings-growth ratio of -0.54 and a beta of 2.42. The company has a quick ratio of 0.25, a current ratio of 1.11 and a debt-to-equity ratio of 65.71.

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.