Roots (TSE:ROOT) Shares Up 0.3% – Here’s What Happened

Roots Co. (TSE:ROOT) shares rose 0.3% during trading on Monday . The company traded as high as C$3.11 and last traded at C$3.11. Approximately 947 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,193 shares. The stock had previously closed at C$3.10.

Roots Trading Up 0.3%

The stock has a 50-day moving average of C$3.16 and a two-hundred day moving average of C$3.22. The company has a market cap of C$121.96 million, a P/E ratio of -3.89, a price-to-earnings-growth ratio of -0.54 and a beta of 0.30. The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31.

Roots (TSE:ROOT) last released its earnings results on Wednesday, December 10th. The company reported C$0.06 EPS for the quarter. Roots had a return on equity of 1.58% and a net margin of 1.11%.The business had revenue of C$71.47 million for the quarter. On average, equities research analysts predict that Roots Co. will post 0.29 earnings per share 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.