Roots (TSE:ROOT) Shares Down 4.1% – Here’s What Happened

Shares of Roots Co. (TSE:ROOT) fell 4.1% during trading on Monday . The company traded as low as C$2.97 and last traded at C$3.01. 930 shares changed hands during trading, a decline of 79% from the average session volume of 4,500 shares. The stock had previously closed at C$3.14.

Roots Trading Down 4.1%

The business’s fifty day moving average is C$3.09 and its 200-day moving average is C$3.20. The company has a debt-to-equity ratio of 85.26, a quick ratio of 0.25 and a current ratio of 1.41. The firm has a market cap of C$118.03 million, a P/E ratio of -3.76, a price-to-earnings-growth ratio of -0.54 and a beta of 0.30.

Roots (TSE:ROOT) last announced its quarterly earnings results on Wednesday, December 10th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$71.47 million during the quarter. Roots had a negative net margin of 11.62% and a negative return on equity of 21.42%. Analysts predict that Roots Co. will post 0.29 EPS for the current year.

Roots Company Profile

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.