Roots (RROTF) Expected to Announce Quarterly Earnings on Wednesday

Roots (OTCMKTS:RROTF) is projected to post its resultson Wednesday, September 9th. Analysts expect Roots to post earnings of ($0.0570) per share and revenue of $30.3540 million for the quarter.

Roots Price Performance

RROTF stock opened at $2.63 on Monday. Roots has a 1 year low of $1.96 and a 1 year high of $3.23. The company has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.66.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RROTF shares. TD Cowen lowered Roots to a “sell” rating in a report on Thursday, August 20th. TD Securities reiterated a “hold” rating on shares of Roots in a research note on Monday, June 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Roots currently has an average rating of “Reduce”.

Roots Company Profile

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.